JP Morgan: Labour election win would be ‘positive’ for markets Politics Wall Street giant JP Morgan is forecasting a "net positive" impact on markets if Labour wins the UK general election on 4 July.
Moscow: Court cancels seizure of JP Morgan funds in VTB dispute LAW A Russian court has cancelled the seizure of part of JP Morgan's assets in an ongoing dispute with a Russian bank over sanctioned money
JP Morgan profit surges on higher rates and First Republic purchase Banks JP Morgan’s profit surged above expectations to $13.4bn in the first quarter of this year, up from $12.6bn a year earlier, thanks to higher interest rates and its takeover of First Republic. Revenue for the bank totalled $42.6bn, above expectations of $41.9bn, while earnings per share sat at $4.44, compared to estimates of $4.11. Significantly, [...]
JP Morgan’s Chase UK aims for 2025 profit amid digital banking growth January 2, 2024 Digital challenger bank Chase UK, owned by US giant JP Morgan, aims to become profitable from next year as it seeks to be a “major player” in Britain, according to a top executive at the lender.
JP Morgan nudges up UK growth forecasts after latest GDP figures August 20, 2024 JP Morgan bumped up their growth forecasts for the UK economy in the third quarter of this year following last week’s GDP figures. The investment bank now expects the economy to grow 0.4 per cent between July and September, up from a previous estimate of 0.3 per cent. This equates to an annualised growth rate [...]
JP Morgan in English legal battle with its European joint venture Viva Wallet May 14, 2024 JP Morgan and the majority owner of Greek payments firm Viva Wallet are battling each other at a court this week over the valuation of its joint venture.
Election 2024: JP Morgan banker standing in Michael Gove’s former seat June 5, 2024 JP Morgan banker and ex-army officer Ed McGuinness has been selected to stand for the Conservatives in Michael Gove’s former seat of Surrey Heath.
Wall Street titan Jamie Dimon eyes stepping away from JP Morgan May 21, 2024 Jamie Dimon, arguably the single most significant figure in global finance, gave his clearest indication yet that he is thinking about stepping down from JP Morgan. Dimon has previously brushed off questions about the remaining length of his tenure by saying he would stay five more years, every year. However yesterday he told a New [...]
JP Morgan’s Chase will ban crypto payments starting from mid-October September 26, 2023 Chase UK is banning customers from making crypto payments from mid-October citing concerns over financial crime.
JP Morgan and Bank of America profits shrink as US banks pay for SVB failure January 12, 2024 JP Morgan’s profits shrank in the final three months of the year as the lender paid out $2.9bn for the rescue of smaller regional banks in the US.