Page 2 - Jp Morgan Chase & Co's

Hoping for soft landing for US economy, stagflation possible: Jamie Dimon

JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained cautious about the US economy and said inflation may be stickier for longer and that stagflation is on the list of possible things that could happen to the US economy. You should be worried about (the possibility of stagflation), Dimon said. Dimon did emphasise that he's still hopeful for the US economy to experience a soft landing, where growth slows but the economy avoids a recession even if inflation remains a little high, but he's not certain that is the most likely outcome. I'm just a little more dubious than others that a (soft landing) is a given, he said. The Fed rapidly raised interest rates in 2022 and 2023 after inflation reached the highest level in four decades. Fed officia

JPMorgan India's ECM head Abhinav to leave, Arvind Vashistha to replace

India has become one of the hottest markets for deals including initial public offerings in Asia Pacific as global investors seek to tap on the South Asian nation's growth potential

JPMorgan's CEO urges US Fed to wait past June before cutting rates

Markets see an 84% probability the Fed will lower rates in June and have priced in 90 basis points of cuts for the year

JPMorgan Chase joins France's payments network CB to avoid Visa, Mastercard

For payments made locally in France, it's usually cheaper for merchants run them over Cartes Bancaires

Goldman Sachs beats JP Morgan to emerge best provider for merger advice

The bank ended up with a 31% share of the global take for merger advice, edging past JPMorgan Chase & Co., which was in the lead at the year's midpoint, according to data compiled by Bloomberg

Will bankers ever learn?

Basel-III capital norms, which bankers oppose, are beneficial for both banks and the economy

Explained: What JP Morgan's bond inclusion means for India, markets, rupee

The move could attract more foreign investments into bonds, strengthen the rupee and improve India's credit rating

Despite JP Morgan move, analysts remain watchful of bank stocks; here's why

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

India's inclusion in EM bond index can spark higher FX volatility: Bankers

The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate

After JP Morgan, Bloomberg index may add India; analysts eye $20 bn inflow

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

JP Morgan found $1 bn in suspicious Epstein activity: US Virgin Islands

The financial activity was detailed in a filing to the US Department of Treasury in 2019, a lawyer for the USVI said in federal court in Manhattan on Thursday

JPMorgan index may include India's sovereign bonds in 2024, says Pictet

India has in recent years come close to opening its $1 trillion government debt market to more global funds before pulling back from meeting the requirements for index inclusions

JPMorgan Chase cuts nearly 20 Asia dealmaking jobs in new layoff round

The moves add to a February round of cuts that affected about 30 investment bankers in Asia, and followed similar moves by Goldman Sachs Group Inc. and Citigroup Inc. last week

JP Morgan Chase lays off around 1,000 employees of First Republic Bank

JP Morgan Chase is laying off roughly 1,000 employees of First Republic Bank nearly a month after it was seized by regulators. The vast majority of First Republic employees, roughly 7,200 before it ran into trouble, were offered jobs by JPMorgan, meaning that about 15 per cent of the bank's employees were let go. First Republic cut roughly 25 per cent of its workforce before JPMorgan stepped in. Bank employees that are not being offered jobs at JPMorgan will get an additional 60 days of pay and benefits, the bank said. Additional payments to those being let go will be based on how long they worked at First Republic. First Republic Bank, based in San Francisco, became the second-largest bank failure in US history. Regulators sold all of its deposits and most of its assets to JPMorgan Chase to restore order after three banks, including Signature and Silicon Valley banks, collapsed and threatened to undermine faith in the US banking system. The banks were unique, however, due to the

First Citizens considering to make an offer to buy collapsed SVB: Report

As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank

Barclays silent as JPMorgan distances itself from Epstein-linked Jes Staley

With Staley contesting the findings of the UK regulatory probe, the British lender is maintaining a steady silence even as questions mount about its decision making over his departure

JPMorgan Chase & Co investment arm purges its ESG funds of Adani stocks

BlackRock, DWS among firms still in Adani via MSCI ESG indexes

JPMorgan leaves CEO Jamie Dimon's total compensation at $34.5 mn for 2022

JPMorgan Chase & Co. kept Chief Executive Officer Jamie Dimon's total compensation at $34.5 million for his work in 2022, a year in which the firm's profit fell by almost a quarter

US quietly asks banks to keep some ties with Russia, even as Congress balks

"We are following the instructions of the American government as they asked us to do it," Dimon responded before Sherman cut him off

JPMorgan CEO Jamie Dimon warns of global recession in 6-9 months

Runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of Fed's quantitative easing policy are among the indicators of a potential recession, Dimon said