Time to cut cutting the green crap? Voters support law to make companies prioritise planet and profit May 16, 2024 Over three quarters of the British public believe businesses should be legally obliged to prioritise safeguarding people and the planet alongside making profit, new research has found.
JP Morgan in English legal battle with its European joint venture Viva Wallet May 14, 2024 JP Morgan and the majority owner of Greek payments firm Viva Wallet are battling each other at a court this week over the valuation of its joint venture.
JP Morgan profit surges on higher rates and First Republic purchase April 12, 2024 JP Morgan’s profit surged above expectations to $13.4bn in the first quarter of this year, up from $12.6bn a year earlier, thanks to higher interest rates and its takeover of First Republic. Revenue for the bank totalled $42.6bn, above expectations of $41.9bn, while earnings per share sat at $4.44, compared to estimates of $4.11. Significantly, [...]
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.
Citi’s investment banking market share drops to lowest level since 2000 February 27, 2024 Citigroup's share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand for the bank to catch up to its Wall Street rivals.
‘Size does matter’: JP Morgan set to merge trusts as they’re too small January 24, 2024 JP Morgan Asset Management is set to merge its the Multi-Asset Growth & Income trust (MATE) into its Global Growth & Income trust (JGGI), due to MATE’s small size. In a stock exchange notice today, the two trusts said MATE would be folded into JGGI, creating the largest investment trust in the global equity income [...]