JP Morgan beats market expectations for first quarter sending shares surging April 12, 2019 US investment bank JP Morgan beat expectations in its first quarter results today, sending shares up four per cent. The bank, the largest in the US by assets, delivered record revenue and profit figures, boosted by higher interest rates. Revenue in the quarter to 31 March rose 4.7 per cent to $29.85bn (£22.84bn), up from [...]
Bitcoin critic warns central banks ‘risk financial stability’ by issuing digital currencies March 22, 2019 A prominent bitcoin critic has warned central banks against issuing their own digital currencies. Read more: JP Morgan launches its own cryptocurrency Augustin Carstens claimed central banks issuing digital tokens would need to take on customer-facing tasks that would result in “huge operational consequences for central banks in implementing monetary policy and implications for the stability [...]
Bitcoin sceptic Jamie Dimon launches JP Morgan’s own cryptocurrency February 14, 2019 JP Morgan is to launch its own cryptocurrency in an unprecedented step for a major US bank. The bank is to trial its JPM Coin in the coming months, which will handle a tiny fraction of the $6 trillion (£4.7 trillion) in payments it moves around globally every day. Read more: The year crypto went [...]
World leaders push back against Saudi account of journalist’s death October 21, 2018 The backlash against Saudi Arabia over the death of Jamal Khashoggi stepped up again yesterday, with world leaders uniting to condemn the Gulf kingdom’s claims that the journalist and critic died in a “fist fight” at its consulate in Istanbul. German chancellor Angela Merkel described Khashoggi’s killing as “horrific”, saying events “still haven’t been cleared [...]
Finance chiefs desert Saudi business summit as backlash to missing journalist intensifies October 16, 2018 The global boycott of a high-profile Saudi investor conference gathered pace yesterday as the bosses of JP Morgan, Ford, Blackstone and BlackRock led an executive exodus following the disappearance of journalist Jamal Khashoggi. The US resident and critic of the Saudi government has not been seen since entering the Saudi consulate in Istanbul on 2 October. [...]
Chief exec gender imbalance will take a decade to fix, says JP Morgan boss Dimon September 27, 2018 A wave of female chief executive officers could be at least a decade away, according to chief executive of JP Morgan Chase & Co Jamie Dimon. Speaking at a female leadership event in New York yesterday Dimon said it could be between 10 to 15 years until women make up 10 per cent to [...]
Round 2… Fight! Trump hits back at JP Morgan boss Dimon September 13, 2018 US President Donald Trump hit back today at JP Morgan boss Jamie Dimon who yesterday said he could beat Trump in a presidential race. Trump tweeted: https://twitter.com/realDonaldTrump/status/1040198906842427392 Dimon, a donor to the Democratic Party, yesterday said he could beat Trump because “I'm as tough as he is, I'm smarter than he is”. Dimon said he [...]
JP Morgan boss Jamie Dimon: Banks are under assault January 14, 2015 The flood of megafines and regulations being inflicted on banks amounts to an “assault” by a multitude of authorities, JP Morgan’s boss Jamie Dimon claimed yesterday. Such a sustained attack threatens the competitiveness of the US as a whole, the chairman and chief executive said in an unusually outspoken defence of the industry. “Banks are [...]
JP Morgan chief executive Jamie Dimon is “clear of cancer” December 5, 2014 JP Morgan boss Jame Dimon has told employees he is clear of throat cancer. In an internal memo sent to staff, the 58-year-old boss of the US' largest bank said there was "no evidence of cancer left in my body" after CAT and PET scans three months after treatment. The good news is that the [...]
Merry Biz-mas? Last year’s weirdest business Christmas cards from Warren Buffett, Jamie Dimon and Maurice Lévy December 2, 2014 Tony Blair has already been given a heavy ribbing for his alarmingly wooden Christmas cards, while Nigel Farage has released a cartoon of him in a white van, reversing over his rivals. But they've got nothing on last year's trickle of chief executive Christmas cards, which ranged from the sublime to the downright tasteless. Here [...]