Citigroup and JP Morgan beat expectations after releasing loan reserves January 15, 2021 American banks Citigroup and JP Morgan’s fourth quarter earnings beat analysts’ expectations helped by the release of a pile of cash set aside for loans. Citigroup reported a seven per cent decline in the fourth quarter profit to $4.63bn, down from $5bn a year earlier. Earnings equated to $2.08 per share, higher than the analyst [...]
JP Morgan makes Linklaters partner its co-head of UK investment banking February 17, 2021 Charlie Jacobs, senior partner at magic circle law firm Linklaters, will join JP Morgan as co-head of UK investment banking. Jacobs, who is one of the city’s major players in the M&A space, will replace Ed Byers who has been promoted to Vice Chair of UK Investment Banking. Jacobs will co-lead the investment banking operations [...]
US banks prep results as lenders adjust to higher-for-longer rates outlook October 8, 2023 Investors will be keeping a close eye on how US banks are adjusting to the new higher-for-longer interest rates outlook this week, as a host of major American lenders line up to deliver their latest financial results.
JP Morgan hints it could join party as Bitcoin continues to flirt with $50k February 16, 2021 Crypto at a Glance Did Bitcoin hit $50k overnight? Sadly, it seems that such talk is premature and limited to just one or two exchanges. Although a few sources called it, they were very much in the minority and it looks like the wait continues. Will it happen this week? If the good news continues to [...]
Barclays and Citi reportedly prepare for investment bank job cuts amid dealmaking slump March 21, 2024 Banking giants Barclays and Citigroup are reportedly preparing to cut jobs in their investment banking divisions as the sector grapples with a slowdown in dealmaking.
JP Morgan CEO Jamie Dimon: London must reinvent itself as EU rivals fight to take its crown April 7, 2021 JP Morgan CEO Jamie Dimon: London must reinvent itself as EU rivals fight to take its crown
JP Morgan boss Jamie Dimon says bank will not force staff to get Covid-19 vaccine March 3, 2021 JP Morgan boss Jamie Dimon says bank will not make Covid-19 vaccinations mandatory
Investment banking slowdown set to hit Goldman Sachs and Morgan Stanley results this week July 17, 2023 Goldman Sachs and Morgan Stanley will likely report another slowdown in profit on Wednesday and Tuesday respectively amid a continued slump in global dealmaking. Analysts at JP Morgan reduced their earnings per share estimates for Goldman Sachs and Morgan Stanley on “lower IB revenues…with limited cost offset”. The analysts cut Goldman Sachs’s EPS for the [...]
JP Morgan pushes ahead with UK digital bank plans November 22, 2020 US investment bank JP Morgan has reportedly promoted one of its top London employees to spearhead the launch of its digital consumer platform in the UK. It has appointed Sanoke Viswavathan, previously chief administrative officer of technology and operations in its corporate and investment division, as the chief executive of its challenger bank. The company [...]
Shein considers selling shares to public in potential £52bn London listing August 21, 2024 Fast fashion giant Shein is reportedly considering selling its shares directly to the British public as part of a potential £52bn listing on the London Stock Exchange. The company’s bankers, including JP Morgan, Goldman Sachs and Morgan Stanley, are pushing for plans to sell to retail investors along with institutional investors, according to The Telegraph. [...]