JPMorgan Chase & Co

The bank has been benefiting from heightened volatility in markets fueling trading activity among its clients, as well as an uptick in dealmaking

President Donald Trump sued banking giant JPMorgan Chase and its CEO Jamie Dimon for USD 5 billion, accusing JPMorgan of debanking him and his businesses for political reasons after he left office in January 2021. The lawsuit, filed in Miami-Dade County court in Florida, alleges that JPMorgan abruptly closed multiple accounts in February 2021 with just 60 days notice and no explanation. By doing so, Trump claims JPMorgan cut the president and his businesses off from millions of dollars, disrupted their operations and forced Trump and the businesses to urgently open bank accounts elsewhere. "JPMC debanked (Trump and his businesses) because it believed that the political tide at the moment favoured doing so," the lawsuit alleges. In a statement, JPMorgan said that it "regrets" that Trump sued them but insisted they did not close the accounts for political reasons. "We believe the suit has no merit," a bank spokesperson said. "JPMC does not close accounts for political or religious ..

The return of a foreign bank as the top arranger comes as the pipeline of offerings expands, with companies raising nearly $55 billion this year from listings, share placements and block trades

Foreign banks are being drawn to expand in India, lured by its rapid economic expansion, strong credit demand and deepening corporate activity

JPMorgan CEO predicts AI will reshape work by automating routine tasks, cutting the standard workweek to three-and-a-half days while boosting productivity and transforming global job structures

Despite the departures, Goldman still tops Wall Street's league tables for mergers and acquisitions, and its fee volumes have also surged close to levels in 2021

Public offerings worth nearly $13 billion have been approved by the regulator so far, with another $18.7 billion-worth of IPOs pending approval, according to data provided by PRIME Database

'AI will continue to lead this upcycle on the growth in datacenter capex in 2025 and more confidence in 2026 growth,' analysts including Gokul Hariharan wrote in a report

However, the newspaper said that the bank consortium discussions are in early, conceptual stages and could change

Stock trading jumped in the first three months of the year as investors rejigged their portfolios during a period of heightened uncertainty over President Donald Trump's tariffs

The results from the biggest US bank offer a glimpse into the economic implications of Trump's trade agenda. Bank stocks tanked after the tariffs were announced last week

JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers

JPMorgan's forecast came alongside similar changes from other banks, which have been slashing projections for US growth this year since the tariff announcement

Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest US banks, JPMorgan Chase, out of USD 175 million by exaggerating her customer base by 10 times. A jury in New York City returned its verdict after a five-week trial. Javice, 32, faces the possibility of a lengthy prison term. Javice was in her mid-20s when she founded Frank, a company with software that promised to simplify the process of filling out the Free Application for Federal Student Aid, a complex government form used by students to apply for aid for college or graduate school. The company promoted itself as a way for financially needy students to obtain more aid faster, in return for a few hundred dollars in fees. Javice appeared regularly on cable news programs to boost Frank's profile, once appearing on Forbes' 30 Under 30 list before JPMorgan bought the startup in ...

The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions

At JPMorgan, Thakur will take on his expanded role immediately, according to the bank's memo from commercial and investment bank co-heads Troy Rohrbaugh and Doug Petno

Newly-appointed co-heads of investment banking for India will report to Paul Uren, head of investment banking for Asia Pacific, and to Kaustubh Kulkarni, senior country officer for JPMorgan in India

MAS said in a statement that JPMorgan Chase did not have adequate processes and controls to ensure that relationship managers adhered to pre-agreed spreads with clients

The announcement comes just three months after India imposed controls on foreign ownership of some newly issued bonds with 14-year and 30-year tenors

A federal judge in Boston threw out a lawsuit filed by Peter Doelger, 87, and his wife, Yoon, accusing the firm of keeping him in an inappropriate investment