Wall Street banks toast to $130bn revenue in deal making boom October 15, 2025 Wall Street banks raked in bumper profits, comfortably breezing past analyst expectations in the third quarter, driven by the continued strength of trading desks and a sharp revival in deal making. JP Morgan, Goldman Sachs and Citigroup brushed past estimates on Tuesday, with Jamie Dimon’s banking juggernaut collecting $14.4bn (£10.8bn) in profit – a 12 [...]
JP Morgan bulks up financial cushion as Dimon warns of uncertainty October 14, 2025 JP Morgan has bulked up its financial cushion against loan losses as chair Jamie Dimon warns of heightened risk and global uncertainty. The lender set aside an additional $810m (£610.2m) to cover potential losses from unpaid loans. This defensive money consisted of $608m earmarked for consumer loans – such as credit cards and mortgages – [...]
Legal & General’s City of London office hit with suspected vandalism October 14, 2025 The Legal & General headquarters in the City of London has been hit with an apparent act of vandalism this morning. Workers heading to the office of the financial services giant, which sits in the heart of the City, witnessed security guards cornering off the building and red paint splattered across windows. Superintendent Jesse Wynne, [...]
Reeves ‘pressures business chiefs to talk up the UK economy’ October 11, 2025 Rachel Reeves has ramped up pressure on business leaders to “talk up” the economy in the run up to the Autumn Budget. The Chancellor has framed her rallying cry to businesses that if they do not support a positive narrative around the economy, they risk Nigel Farage becoming Prime Minister. The Treasury has warned top [...]
Farewell to Nutmeg and the first chapter of fintech’s story October 10, 2025 When I read that J.P.Morgan will retire the Nutmeg brand later this year, it felt like the end of a chapter, not just for them, but for all of us who began this journey together. For more than a decade, Nutmeg and Moneyfarm were often spoken of in the same breath. Two young companies trying [...]
JP Morgan warns on AI bubble amid Bank of England caution October 9, 2025 JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more worried than others” about a serious market correction [...]
JP Morgan beefs up seaside UK office as it backs ‘talent of tomorrow’ October 8, 2025 US banking juggernaut JP Morgan has announced a hefty UK investment as part of plans to beef up its home base in the country. The bank said it will invest over £300m into its Bournemouth campus, which will help facilitate a new building and upgraded facilities for the sites 5,300 employees. The firm – which [...]
Net zero banking group abandons operations after member exodus October 3, 2025 The global Net Zero Banking Alliance (NZBA) has announced it will cease operations following an exodus of its membership after President Donald Trump returned to power. In a statement released on Friday, the group said following a vote it will transfer from a member-based alliance to establish its guidance as a framework. “As a result [...]
JP Morgan scraps Nutmeg in launch of new personal investing brand October 1, 2025 JP Morgan is to scrap its Nutmeg brand and roll its services into a new consumer wealth management business as it intensifies its battle with market leader Hargreaves Lansdown. The new service, dubbed JP Morgan Personal Investing, will offer managed investments, pensions, and ISAs alongside digital financial planning tools and dedicated relationship managers. The bank [...]
Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]