|Day's range||18.75 - 18.75|
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The layoffs will affect employees across the bank's main businesses -- consumer, commercial banking, asset and wealth management -- as well as technology and operations, the source said. JPMorgan is the largest U.S. lender. JPMorgan declined to comment.
JPMorgan Chase & Co Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey Epstein, the bank said. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.
(Bloomberg) -- JPMorgan Chase & Co. has appointed Omar El Amine Fichtali as head of investment banking in Saudi Arabia, according to an internal memo seen by Bloomberg News.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel Hack Is No Longer Working Very WellThe move comes w
As part of the integration process, JPMorgan (JPM) and First Citizens BancShares (FCNCA) announce layoffs at acquired First Republic Bank and Silicon Valley Bank, respectively.
Smart Beta ETF report for JPIN
JPMorgan Chase (NYSE: JPM), the largest bank by assets in the U.S., currently has an annual dividend yield of roughly 2.9%. While that's certainly respectable, JPMorgan hasn't raised its quarterly dividend since 2021, which might make investors that buy the stock at least partly for the dividend wonder when the next increase is coming. Will JPMorgan Chase boost its dividend this year?
JPMorgan Chase & Co. (JPM) closed at $135.67 in the latest trading session, marking a +0.24% move from the prior day.
JPMorgan Chase & Co on Thursday unveiled new accusations that the U.S. Virgin Islands was complicit in Jeffrey Epstein's sex crimes, including that a former first lady for the territory sought student visas for some of the disgraced financier's victims. The largest U.S. bank also singled out Governor Albert Bryan as being among government officials who maintained "close ties" with Epstein, saying that in 2018 he arranged donations from Epstein to schools and little leagues. JPMorgan made the accusations in a filing in Manhattan federal court, where the U.S. Virgin Islands wants the bank held liable in a civil lawsuit for keeping Epstein as a client from 1998 to 2013, the last five years after he pleaded guilty to prostitution.
(Reuters) -JPMorgan Chase & Co has notified nearly 1,000 First Republic Bank employees that they will no longer have a job as it integrates the failed lender it bought earlier this month, a person familiar with the matter told Reuters on Thursday. JPMorgan, the largest U.S. bank, has offered employment to about 85% of First Republic's almost 7,000 employees for transitional or full-time roles, the source said. "We've been transparent with their employees and kept our promise to update them on their employment status within 30 days," JPMorgan said in an emailed statement.
(Reuters) -JPMorgan Chase & Co has told clients with personal credit lines at First Republic Bank that it will no longer offer them when they come up for renewal, a person familiar with the matter told Reuters on Thursday. The bank does not offer personal lines of credit and therefore has no plans to offer them to former First Republic clients when they come up for renewal, the source said. Regulators seized First Republic and sold its assets to JPMorgan in early May, in their move to resolve the largest U.S. bank failure since the 2008 financial crisis.
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(Bloomberg) -- US prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse, according to people familiar with the matter. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and Sends Warn
(Bloomberg) -- Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and Sends Warning to Central Bankers EverywhereJPMorgan Chase & Co. has made a $200 million commitment to pull carbon from the air. That includes a $20 million purchase from Swiss sta
NEW YORK (Reuters) -JPMorgan Chase & Co may move forward with its lawsuit seeking to hold former executive Jes Staley liable for concealing what he knew about the disgraced financier Jeffrey Epstein, a U.S. judge ruled on Wednesday. The ruling by U.S. District Judge Jed Rakoff in Manhattan means Staley, who is also a former Barclays Plc chief executive, could be on the hook for millions of dollars over his ties to Epstein, a JPMorgan client from 1998 to 2013. Lawyers for Staley did not immediately respond to requests for comment.
At JPMorgan Chase's (NYSE: JPM) recent investor day, CEO Jamie Dimon provided a lot of insight into how he felt about the banking industry and the economy. One thing Dimon is very concerned about right now is the Federal Reserve's ongoing efforts to shrink its balance sheet in a process known as quantitative tightening (QT). In fact, Dimon said he thinks he's more concerned about QT than most.
By 2050, experts say the world will have to remove the equivalent of 10 gigatons -- or roughly 22 trillion pounds -- of carbon dioxide from the...
The billionaire Anil Agarwal-led group is relying on money from its units to tackle its debt burden, after its efforts to sell some zinc assets to Hindustan Zinc Ltd for $3 billion failed. Earlier this month, Vedanta reported an 8% slump in its fourth-quarter profit as prices of metals declined. JPMorgan and Oaktree declined to comment, while Vedanta did not immediately respond to a Reuters' request for comment.
NEW YORK (Reuters) -JPMorgan Chase & Co on Tuesday sought to shift blame for failing to snuff out sex crimes committed by the late Jeffrey Epstein, accusing the U.S. Virgin Islands of harboring and shielding the disgraced financier as he abused young women and girls over two decades. The largest U.S. bank made the accusation in a heavily redacted filing in Manhattan federal court, where the U.S. Virgin Islands is suing to hold it liable for providing banking services to Epstein from 1998 to 2013. JPMorgan said Epstein had a "quid pro quo" relationship with the U.S. Virgin Islands' highest-ranking officials, bestowing money and favors in exchange for millions of dollars of tax incentives and looking the other way at his crimes.
JPMorgan Chase announced Tuesday it has signed long-term agreements to purchase $200 million worth of carbon dioxide removal, saying the investment would boost a key emerging climate change solution.Under one of the projects announced Tuesday, JPMorgan signed a nine-year agreement with Climeworks to deliver 25,000 metric tons of carbon removal.
(Bloomberg) -- A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s $23 Trillion Local
JPMorgan Chase & Co. (JPM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
At the Investor Day conference, JPMorgan (JPM) provides more details about FRC deal synergies, expense outlook (with focus on tech spending) and the potential recession.
Catalent (NYSE: CTLT) investors are clearly an optimistic bunch, as lately they've been taking not-so-bad-news very positively and trading up the stock. JPMorgan Chase's (NYSE: JPM) Julia Qin was the person behind the downgrade. Catalent has been a troubled company of late, and caution is clearly warranted.
Yahoo Finance reporter David Hollerith joins the Live show to break down the latest from JPMorgan's investor day.