Factbox-Key executives at JPMorgan taking on new roles
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase shuffled executives on Thursday to give them more experience running different businesses as Wall Street focuses on succession plans for…
JPMorgan appoints Thomas Cassin as vice chair of debt capital markets unit
(Reuters) – JPMorgan Chase and Co has named Thomas Cassin as vice chair of global debt capital markets for the bank’s investment banking unit, according to an internal memo seen by Reuters…
JPMorgan cuts China growth forecast to 3.7% from 4.3%
LONDON – U.S. investment bank JPMorgan cut its China full-year growth forecast from 4.3% to 3.7% on Monday, saying a deeper-than-expected contraction was now likely this quarter due to the country’s COVID-19…
BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
By Ross Kerber (Reuters) – BlackRock Inc, JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for…
Is JPMorgan slipping? Analysts will be asking CEO Dimon at conference
By David Henry NEW YORK – Concerned that JPMorgan Chase & Co might be starting to lose its profit advantage over competitors, analysts and investors are lining up questions for long-time CEO…
JPMorgan cuts U.S. GDP estimates for 2022 and 2023
(Reuters) – JPMorgan on Wednesday cut its expectation for U.S. real gross domestic product for the second half of 2022 and for 2023. The firm’s economic and policy research department cut its…
JPMorgan says it has resigned as depositary for Rosneft GDRs
(Reuters) – JPMorgan & Chase has resigned as a depositary of global depositary receipts (GDR) of Russia’s largest oil producer Rosneft on May 13, the U.S. bank said on its website. Last…
JPMorgan backs Sri Lanka bonds on bets that crippling crisis to ease
LONDON – U.S. investment bank JPMorgan backed Sri Lanka’s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks with the…
EM economic growth to slow sharply this quarter -JPMorgan
NEW YORK – Economic growth in emerging markets is set to slow “sharply” this quarter weighed by China, Russia and the spread of tighter monetary conditions, JPMorgan analysts said on Monday. “China’s…
JPMorgan says EM debt at ‘mercy’ of Fed, cuts Nigeria from overweight
By Rachel Savage LONDON – Emerging market sovereign debt is at the “mercy” of the Federal Reserve’s interest rate decisions, JPMorgan analysts said in a note on Monday, as the U.S. central…
ISS recommends to vote against executive pay at JPMorgan
(Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) recommended on Wednesday that investors vote against the pay of top executives at JP Morgan Chase & Co, at its upcoming annual shareholder…
JPMorgan lawsuit against Tesla unlikely to yield quick ruling
By Luc Cohen NEW YORK – A U.S. judge on Wednesday said he saw no reason to rule quickly in favor of JPMorgan Chase & Co as it sues Tesla Inc over…
JPMorgan names global co-heads of market infrastructure – memo
By Pamela Barbaglia LONDON – JPMorgan has elevated two senior bankers in its financial institutions group (FIG) to global co-heads of market infrastructure as it seeks to bolster its sprawling financial services…
JPMorgan Stashing Away Hundreds Of Millions In Fear Of ‘Powerful Forces’ Shaking US Economy
JPMorgan Stashing Away Hundreds Of Millions In Fear Of ‘Powerful Forces’ Shaking US Economy Harry Wilmerding on April 14, 2022 JPMorgan Chase stashed away hundreds of millions of dollars in cash amid…
JPMorgan allows clients to cancel depositary receipts in Russian companies- sources
By Sinead Cruise and Carolina Mandl NEW YORK – JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the…
Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan
By Marc Jones LONDON – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global…
JPMorgan cuts EM local currency debt to ‘underweight’ as Russia-Ukraine woes bite
By Jorgelina do Rosario LONDON – JPMorgan analysts have slapped a sell, or ‘underweight’, recommendation on emerging market local currency sovereign debt due to the global fallout from the Russia-Ukraine crisis. Emerging…
JPMorgan Chase CEO Told Biden He Needs A Plan To Increase Domestic Energy Production: REPORT
JPMorgan Chase CEO Told Biden He Needs A Plan To Increase Domestic Energy Production: REPORT Harry Wilmerding on March 23, 2022 JPMorgan Chase chief executive Jamie Dimon told President Joe Biden he…
JPMorgan hires David Miree from Wells Fargo to lead diversity unit – memo
– JPMorgan Chase & Co has named Wells Fargo senior executive David Miree as the global head of diversity, equity and inclusion, according to an internal memo seen by Reuters on Monday.…
JPMorgan to buy Irish fintech firm Global Shares
– JPMorgan Chase & Co said on Tuesday it would buy Global Shares, an Irish fintech firm whose software helps businesses manage employee stock plans. The deal, the terms of which were…
Russia will be excluded from all JPMorgan fixed income indexes
NEW YORK – Russia will be excluded from all of JPMorgan’s fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded…
JPMorgan polls investors over potential exclusion of Russian debt from indexes
LONDON – JPMorgan, which runs the most widely used emerging market bond indexes, is polling investors over the potential exclusion of Russia’s local and hard currency debt from its benchmarks. In a…
JPMorgan: Shock to Russian GDP will be akin to 1998 crisis
LONDON – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable to the…
JPMorgan says Russia remains part of its emerging debt indexes, new bonds excluded
LONDON – JPMorgan said on Tuesday that Russian debt remained part of its emerging market bond indexes for now but that new debt issued by sanctioned Russian entities would not be included…
Sanctions hit will see Russia economy contract 20% Q/Q in second quarter – JPMorgan
LONDON – Russia’s economy is expected to contract 20% in the second quarter and by around 3.5% for the full year following intensified sanctions, JPMorgan said on Monday. “If these new sanctions…
No immediate impact from Russia sanctions on bond index rebalancing – JPMorgan
LONDON – JPMorgan said there was no immediate impact from sanctions on Russia at the month-end rebalancing of its emerging market bond indexes. The indexes are key performance benchmarks for international investors…
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