JPMorgan
JPMorgan profit drops as it sets aside bigger provisions, but interest income climbs
JPMORGAN Chase’s third-quarter profit dropped as it set aside more money to cover potential loan defaults, while rising interest payments and investment banking revenue lifted its shares before the...
BlackRock, JPMorgan asset back Dynasty Financial at US$800 million valuation
DYNASTY Financial Partners, a provider of back-office services to independent investment advisers, won backing from BlackRock and JPMorgan Asset Management as it looks to accelerate growth.
The minority capital raise...
JPMorgan in talks with Apple over Goldman credit card partnership: source
JPMORGAN Chase is in talks with Apple about replacing Goldman Sachs as the tech giant’s credit-card partner, a source familiar with the matter said on Tuesday (Sep 17).The discussions...
JPMorgan and Bank of America to curb young banker work hours: report
TWO of Wall Street’s largest investment banks are rolling out measures that may ease junior bankers’ workloads amid complaints across the industry that weekly hours are increasingly creeping past...
JPMorgan appoints Kam Shing Kwang as new HK CEO: memo
JPMORGAN has appointed Kam Shing Kwang as its new Hong Kong CEO, succeeding Harshika Patel as she completes her term, an internal memo reviewed by Reuters on Friday shows.Kwang’s...
JPMorgan abandons recommendation to buy China stocks ahead of US election
JPMORGAN Chase abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections in addition to growth headwinds and tepid policy support. China was downgraded...
JPMorgan drops proposal to cut China’s share in key emerging-market bond index
JPMORGAN Chase has dropped a proposal to change the way it calculates its flagship emerging-market bond index that would have reduced China’s share by almost half. The bank is...
JPMorgan is selling a new type of mortgage credit risk transfer
JPMORGAN Chase plans to sell credit risk on a US$531 million portfolio of adjustable-rate mortgages, a new kind of offering by the bank and the latest example of the...
