Despite tenuous times for the banking industry, some of the largest U.S. lenders reported banner first-quarter earnings on Friday that easily exceeded investor expectations. And even as they warned that […]
JPMorgan Chase & Company
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Back to news homeJamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
On March 10, just hours after Silicon Valley Bank collapsed, the hedge fund manager Bill Ackman hosted a dinner for about 20 people at his penthouse apartment in Manhattan.The dinner […]
Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
WASHINGTON — If a number defined the 2010s, it was 2 percent. Inflation, annual economic growth, and interest rates at their highest all hovered around that level — so persistently […]
The E.S.G. Fight Has Come to This: Bankers Suing Lawyers
In effect, according to the bankers’ legal filing, the demands were “creating an ongoing state surveillance system.” The bankers further claimed that the attorney general was violating their right to […]
FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
Federal prosecutors in Manhattan have also seized assets they contend were acquired with money misappropriated from FTX’s customer accounts. Last month, the prosecutors disclosed that they had seized more than […]
Beyond Silicon Valley, Spending on Technology Is Resilient
JPMorgan Chase, the big bank, has a technology staff of 55,000, up from about 50,000 before the pandemic. It has hired people with skills in cloud computing, data science, A.I. […]
JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
There, she was on financial aid, and she found the forms confusing. So did her parents, according to an interview she gave to Diversity Woman magazine — including her father, […]
As Silicon Valley Retrenches, a Tech Talent Shift Accelerates
“Nearly every company is going through this — they need tech talent,” said Lori Beer, global chief information officer at JPMorgan.More on Big TechIf the economy enters a recession, employment […]
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
Investment banking revenue in the United States is expected to have dropped more than 50 percent from last year, to nearly $35 billion through mid-December, according to the data provider […]
Where $30 Billion to Fix Systemic Racism Actually Goes
In 2020, JPMorgan pledged to invest significant resources in closing the racial wealth gap. Here is what the bank did, and what it looks like when a private-sector company tries […]