JP Morgan freezes donations to Republicans who contested election June 5, 2021 JP Morgan will resume making donations to US politicians but will snub Republicans who voted to overturn President Joe Biden’s election victory. The Wall Street giant was among a host of corporations that halted political donations following the deadly storming of the Capitol in January, which was spurred on by former president Donald Trump. Hours [...]
JP Morgan boss Jamie Dimon: To cut my $31.5m pay would ‘offend the board’ October 6, 2021 JP Morgan chief executive Jamie Dimon defended his $31.5m pay in a HBO interview, saying his board would take offence if he asked for a pay cut. Speaking to co-founder of Axios James VandeHei, Dimon said his pay was up to the board, who would be offended if he were to request a reduction. As [...]
JP Morgan boss Jamie Dimon plans first UK visit since Covid hit August 23, 2021 JP Morgan chief executive Jamie Dimon will visit London next month for the first time since the coronavirus outbreak. The trip could result in fresh momentum for workers to return to the City as the banker has advocated for office-working. The Wall Street banking boss will meet clients and staff after an initial scheduled trip [...]
JP Morgan apologises for funding European Super League April 23, 2021 JP Morgan has vowed to “learn from” its experience with the failed European Super League, after committing £2.8bn to the controversial project. In a statement, the investment bank said: “We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future. “We will learn [...]
JP Morgan may mandate all US staff to get Covid vaccine June 24, 2021 JP Morgan Chase also ordered all US employees to disclose their vaccine status by the end of June. America’s largest bank has sent a memo to all US staff “strongly urging” them to get a Covid vaccine before a planned return to the office in July – and dangled the possibility of mandatory vaccination. “We [...]
Former trader at JP Morgan wins case against investment bank over spoofing July 7, 2021 Former trader at JP Morgan wins case against investment bank over spoofing
JP Morgan profit soars on higher investment banking fees April 14, 2021 JP Morgan reported a surge in profit in the first quarter boosted by a strong performance in its trading and investment banking divisions. The Wall Street bank posted net income of $14.3bn in the first three months of the year, up from $2.9bn a year earlier. JP Morgan’s performance was driven by the release of [...]
JP Morgan and Goldman Sachs staffers return to London in droves April 6, 2021 Bankers at JP Morgan and Goldman Sachs have returned to their London offices in droves, as the UK continues to inch out of lockdown. Around 15 per cent of JP Morgan’s staff in the City – some 1,800 people – went into the office last week, up from about 10 per cent at Christmas. For [...]
JP Morgan sustainability rating downgraded after funding Super League April 21, 2021 Sustainability ratings company Standard Ethics has downgraded JP Morgan’s rating after it was revealed to have funded the failed and controversial European Super League. Standard Ethics said it judged JP Morgan’s involvement in the project to be “contrary to sustainability best practices”, and as a result downgraded its corporate rating from “adequate” to “non-compliant”. The [...]
All six English clubs abandon JP Morgan Super League plan April 21, 2021 All six English clubs have pulled out of the European Super League (ESL) after plans for the JP Morgan-backed venture were met with a fierce backlash. Manchester City were the first Premier League side to officially withdraw from the competition following reports Chelsea were preparing to do so. Arsenal, Liverpool, Manchester United and Tottenham have [...]