Page 7 - Jpmorgan

CEO Jamie Dimon has 'no plans' to run for office, says JPMorgan spokesman

Bill Ackman said last week that Dimon should run for president in 2024, describing him as a political centrist who could beat President Joe Biden in a primary or Trump in election

Can't find Musk to serve subpoena in Epstein lawsuit: US Virgin Islands

The government of the US Virgin Islands told a federal judge Monday that it can't find billionaire Elon Musk to serve him with a subpoena for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein. It wants to serve his electric vehicle company instead. Lawyers asked Judge Jed Rakoff in Manhattan in a court filing to let it serve the subpoena on Tesla Inc. because it has not been able to give the papers to Musk or his lawyers since it issued the subpoena on April 28. They said they hired an investigative firm to search public records databases for possible addresses for Musk and reached out to one of his lawyers by email but received no response. A message sent to a lawyer for Musk seeking comment on Monday was not immediately returned. The government of the US Virgin Islands said it believes Epstein may have referred or tried to refer Musk to JPMorgan. It sued JPMorgan last year, saying its investigation ha

First Republic Bank seized, sold to JPMorgan for nearly $10.6 billion

Shares halted for trading after pre-market plunge of 43%; other regional banks sink, too

JPMorgan's health care venture arm makes fertility bet in $25 mn deal

The investment comes after a March fund-raise where Kindbody secured $100 million from Perceptive Advisors in a deal that valued the company at $1.8 billion

Timeline: Road to First Republic Bank's collapse; to be sold to JPMorgan

Last week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the lender's shares

JPMorgan to acquire First Republic Bank after seizure by regulator

First Republic Bank is the third major US bank to fail in two months after Silicon Valley Bank and Signature Bank

FDIC asks JPMorgan, PNC to submit final bids for First Republic by Sunday

The bidding process kick-started by regulators - after weeks of fruitless talks among banks and their advisers - could pave the way for a tidier sale of First Republic

KPIT shares plunge 12.5% after JPMorgan report takes 'underweight' call

The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT's last closing price of Rs 810

JPMorgan, Morgan Stanley among banks in deal talks with First Republic

The rescue is being orchestrated by the U.S. government, Bloomberg News reported on Thursday, citing people with knowledge of the matter

US Fed's loans to provide $2 trn of liquidity in banking system: JP Morgan

The Bank Term Funding Program should be able to inject enough reserves into the banking system to reduce reserve scarcity and reverse the tightening that has taken place over the past year

Dealmakers in India should expect another strong year for M&As: JPMorgan

It's unlikely for the country to repeat such a high mark this year, there will be decent deal flow to keep the bankers busy, said Nitin Maheshwari, JPMorgan's head of M&A for India

JPMorgan Chase restricts its employees from using AI chatbot ChatGPT

US financial services major, JPMorgan Chase, has restricted employees from using ChatGPT, developed by OpenAI, as the buzzy AI chatbot explodes in popularity

Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan

Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption

Adani Group still eligible for CEMBI, JACI, JESG indices: JP Morgan

"We continue to monitor publicly available information and liquidity of the securities, and in case of market disruption or confirmed default event"

Sensex sinks 637pts, gives up 61K, Nifty near 18K; Realty, Metals top drags

CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains

Virgin Islands takes JPMorgan to court for facilitating Epstein abuse

The suit is seeking unspecified damages for violating sex-trafficking, bank-secrecy and consumer laws

Dimon more crucial than ever to JPMorgan, the bank he's run for 17 years

Once Dimon is done being CEO, the board has said, the company may keep him on as chairman

JPMorgan, Deutsche Bank sued by Epstein accusers in New York: Report

JPMorgan was accused in the suit of "financially benefiting from participating" in the alleged sex trafficking through providing financial support from 1998 to August 2013

Bank of Baroda Q2 results preview: Here's what key brokerages expect

Bank of Baroda Q2 preview: Treasury income is projected just at Rs 100 crore, down 92 per cent YoY from Rs 1,221 crore.

Foreigners turn sellers of Indian sovereign bonds on index disappointment

The outflow from the so-called Fully Accessible Route, or FAR, securities marked the first such withdrawal in seven months