JP Morgan shares dive on $1bn fall in bond trading revenues May 6, 2014 THE CRUNCH in bond trading revenues hit JP Morgan’s shares again yesterday after the bank warned revenues are weak again this quarter. Fixed income and equities trading revenues in the second quarter are on track to fall by around 20 per cent compared with the same period of 2013, the bank warned in a regulatory [...]
JP Morgan’s cutting edge bankers are in Dorset May 1, 2014 The glittering sky-scrapers of Canary Wharf and the tech hubs of Silicon Roundabout might seem the obvious places to look for the most advanced banking offices around. But JP Morgan thinks its Bournemouth campus, as the 4,000-staff site is know, is at the cutting edge. The giant US bank is spending almost $50m [...]
JP Morgan shares drop as first quarter disappoints April 11, 2014 The first of the big banks to report first-quarter earnings, JP Morgan has posted results significantly below estimates. Net income fell to $5.3bn (£3.2bn), compared with $6.5bn a year earlier – that’s earnings of $1.28 per share, below expectations of analysts polled by Bloomberg of $1.46. In the first quarter of 2013, the figure was [...]
JP Morgan reshuffles top execs at corporate and investment bank April 7, 2014 A NEW top team was appointed to head JP Morgan’s corporate and investment banking (CIB) arm yesterday in a major reshuffle of talent at the institution. Daniel Pinto became the sole head of the arm of the giant bank last month, when his co-head Mike Cavanagh quit the firm. Pinto sent out a memo to staff, seen by [...]
Top JP Morgan boss quits bank 27 years after joining as intern April 2, 2014 BLYTHE Masters, head of JP Morgan Chase’s commodities business, has quit the bank after 27 years. Masters is not joining Mercuria, the Swiss-based trading house buying up JP Morgan’s physical commodities business, although she will oversee the sale and transition. In an internal memo, chief executive Jamie Dimon and corporate and investment bank chief executive [...]
JP Morgan cuts jobs and reduces profit target as top exec quits February 25, 2014 THE BIGGEST bank in America, JP Morgan, warned of job cuts and a reduction in profit for 2014 during an investor conference yesterday. Shares in the company were down 1.72 per cent at market close after the news. Around 8,000 jobs are expected to go at the bank, the majority from its mortgage division where 17,000 [...]
Man falls from roof of JP Morgan’s Hong Kong HQ February 18, 2014 A man has fallen to his death after jumping from the roof of investment bank JP Morgan's Hong Kong office, according to the South China Morning Post. Witnesses told the paper that the man fell from the 30 storey Chater House building between 2.00pm and 3.00pm local time. Samaritans is available round the clock on [...]