JP Morgan share price down as Jamie Dimon tipped for US Treasury spot again November 16, 2016 JP Morgan shares closed down 2.5 per cent tonight after reports resurfaced that Donald Trump was about to offer chief exec Jamie Dimon the treasury secretary role. Fox anchor Maria Bartiromo tonight tweeted she had heard Dimon was about to be offered the role, with a “big meeting” expected tomorrow. Hearing @jpmorgan ceo jamie Dimon [...]
The changing face of world shares March 22, 2018 The US market represents more than one half of the total quoted wealth in world shares. It is, however, a very different pattern of wealth holdings from previous decades, reflecting the huge changes underway in business models and customer preference. Looking at just how much the index has changed is a good way of mirroring [...]
Bitcoin price (BTC) breaks through $16,000, having risen more than $2,000 in nine hours December 7, 2017 Bitcoin flew past the $16,000 mark this afternoon just a day after it passed $12,000 for the first time. The cryptocurrency, which has staged a stunning rise from the beginning of the year when its price was below $1,000, was up 18.16 per cent at $16,198.70 at the time of writing, according to Coindesk’s aggregate [...]
Downing Street calls City chiefs in for latest Brexit meeting January 10, 2018 Securing a Brexit transitional deal will be high up the agenda for the chief executives of some of the City’s biggest firms at a high-level roundtable tomorrow afternoon with Theresa May. Around a dozen senior figures from firms including Goldman Sachs, Barclays and HSBC are expected to meet the Prime Minister, along with chancellor Philip [...]
Warren Buffett thinks bitcoin will “come to a bad ending” as Berkshire Hathaway boss wades in on cryptocurrency craze January 10, 2018 The so-called Oracle of Omaha has become the latest high-profile investor to weigh in on bitcoin – as he gave an indication of his succession plans by promoting two potential heirs. Warren Buffett, the cherry Coke-swilling boss of investor Berkshire Hathaway, said “with almost certainty” that cryptocurrencies “will come to a bad ending”. During an [...]
Petrol station firm MRH eyes £1.5bn float November 12, 2017 Petrol station firm MRH has appointed bankers to pursue a £1.5bn stock market flotation next year, according to reports. Citi, JP Morgan and Numis Securities will advise the firm, which runs over 450 service stations portfolio, Sky News reported tonight. The majority of MRH’s stations are branded as Esso and BP. The firm also working [...]
The EU competition watchdog just fined HSBC, Credit Agricole and JP Morgan Chase €485m over Euribor December 7, 2016 HSBC is one of three banks fined a total of €485m (£412.4m) over their participation in a Euribor rigging cartel, the European Commission's antitrust watchdog said today. HSBC will pay €33.6m over its month-long participation in the cartel, which rigged euro interest rate derivatives, while Credit Agricole will pay €114.7m and JP Morgan willl pay €337.2m, both [...]
Reports: Donald Trump considering JP Morgan chief Jamie Dimon for treasury secretary spot November 10, 2016 Although Donald Trump's policies might still look a little vague, it looks like his advisers have started dropping hints about who they want to take the top spot in the treasury. Trump's advisers have suggested the new president-elect should take on JP Morgan chairman and chief executive Jamie Dimon as treasury secretary, according to CNBC. [...]
Numis share price rises as stockbroker reports record profits after bounceback in second half October 2, 2017 Aim-listed stockbroker Numis today announced record revenues and profits in the second half of its trading year as transaction activity increased. Full-year revenue in the year ending on 30 September rose by 15 per cent compared to the previous year, Numis reported in a trading update delivered ahead of full results in December. The record [...]
JP Morgan and Morgan Stanley call for transition period to protect banks post-Brexit October 20, 2016 Two senior staffers of major investment banks have today called on the UK to secure a transition period for industry post-Brexit. Speaking at a British Bankers' Association conference, Sir Win Bischoff, chairman of JP Morgan Securities, remarked it would be "advantageous to have a transition period beyond the two-year period" the UK would have before it [...]