JP Morgan chief issues recession and stagflation warning over Trump tariffs April 7, 2025 JP Morgan chairman and chief executive Jamie Dimon has warned that severe curbs on trade imposed by President Donald Trump could lead the US economy towards recession and stagflation. Dimon made the comments ahead of the multinational investment bank’s financial results, reporting revenue of $180.6bn and net income of $58.5bn in 2024. He credited the [...]
Ex-Barclays boss admits to sex with a member of Jeffrey Epstein’s staff March 13, 2025 The former chief executive of Barclays admitted at the High Court on Wednesday that he had sex with a member of staff working for Jeffrey Epstein at an apartment owned by the convicted paedophile’s brother. In his third day of cross examination as part of a legal clash with the Financial Conduct Authority (FCA), Jes [...]
Wall Street banks JP Morgan, Citi and Goldman Sachs report bumper profit January 15, 2025 Some of Wall Street’s biggest banks reported a surge in profit today on the back of a rebound in dealmaking and strengthening equity markets toward the end of last year. JPMorgan Chase, the US’s biggest lender, said profit had jumped 50 per cent to $14bn (£11.41bn) through the final quarter as its dealmakers and traders [...]
Trump uses JP Morgan chief Jamie Dimon as ‘informal adviser’ December 1, 2024 Donald Trump has reportedly used JP Morgan Chase boss Jamie Dimon as a “sounding board” for policy ahead of returning to the White House. The Wall Street veteran has been in regular communication with Trump for months, including after his election victory, The New York Post reported. The “no-holds-barred conversations” are said to have centred [...]
Dealmaking rebound helps JPMorgan to bumper profits July 12, 2024 JPMorgan benefited from a long anticipated recovery in dealmaking to deliver a big increase in profit compared to last year. The Wall Street giant reported net income of $18.1bn in the second quarter, up 25 per cent on the same period last year and ahead of analyst’s expectations. JPMorgan saw revenue rise by 22 per [...]
Wall Street banks JPMorgan and Goldman Sachs set for earnings boost on dealmaking rebound July 8, 2024 Wall Street lenders are set to post higher investment banking fees for the second quarter of 2024, as early signs of a rebound in dealmaking partly offset weaker growth in lending income.
JPMorgan overtakes Barclays in UK deal fee ranking in blow to investment bank July 3, 2024 JPMorgan has jumped ahead of Barclays to take the top spot in a UK deal fee league table in a blow to the British lender's investment banking ambitions.
Morgan Stanley to join Wall Street rivals in scrapping bonus cap for UK staff July 1, 2024 Morgan Stanley is planning to follow its Wall Street rivals in scrapping an EU-imposed cap on bonuses for its top UK bankers.
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff June 19, 2024 Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.
Sunak eyes UK honours for JPMorgan boss Jamie Dimon and ex-Google chair Eric Schmidt June 6, 2024 Rishi Sunak has reportedly put forward long-serving JPMorgan Chase boss Jamie Dimon and ex-Google chair Eric Schmidt for UK honours ahead of the general election on 4 July.