JPMorgan chief says “we will have to be involved” with Bitcoin February 15, 2021 Daniel Pinto – co-president of JPMorgan Chase & Co says he can’t yet see client demand for cryptocurrency, but adds “we will have to be involved” at some point.
City Moves for 9 February: Who is switching jobs in the Square Mile this week? February 10, 2021 City Moves provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week hosts movements over at Big Four auditor Deloitte, JP Morgan, HMRC and PE firm Dean Street. Meanwhile, green London housing looks to be a focus for 2021 with Public Sector Plc’s new [...]
JP Morgan to launch UK digital bank within months January 27, 2021 JP Morgan will launch a digital consumer bank in the UK within months, the Wall Street giant confirmed today. The new challenger bank will operate under the Chase brand and offer a range of products, including current accounts. JP Morgan said its new business, which is based in Canary Wharf, had already hired 400 people [...]
Barclays boss Jes Staley: working from home ‘not sustainable’ as collaboration and culture take a hit January 26, 2021 Barclays boss Jes Staley says working from home 'not sustainable' as collaboration and culture take a hit
Morgan Stanley boss James Gorman pockets $33m pay packet January 23, 2021 Morgan Stanley will pay chief executive James Gorman $33m (£24m) as the US investment bank hailed a “record year” in 2020. The bumper pay packet is a 22 per cent increase on Gorman’s $27m remuneration in 2019, according to a regulatory filing published yesterday. Morgan Stanley directors said the decision was based on the firm’s [...]
Paris experiences modest Brexit influx as thousands of professionals relocate December 10, 2020 Since 2016, around 5,000 employees have relocated from London to Paris as a direct result of Brexit, a report finds.
JP Morgan pushes ahead with UK digital bank plans November 22, 2020 US investment bank JP Morgan has reportedly promoted one of its top London employees to spearhead the launch of its digital consumer platform in the UK. It has appointed Sanoke Viswavathan, previously chief administrative officer of technology and operations in its corporate and investment division, as the chief executive of its challenger bank. The company [...]
JP Morgan to offer lucrative investment banking jobs to school leavers October 6, 2020 Investment bank J.P. Morgan will soon offer school leavers a fast-track route to a lucrative investment banking job, namely via one of its UK apprenticeships. The bank’s so-called four-year Level 6 Financial Services Apprenticeship programme will enable individuals to ‘earn as they learn’, provided they complete a degree in Applied Finance at the University of [...]
JP Morgan ‘to move €200bn assets from the UK to Germany’ due to Brexit September 23, 2020 JP Morgan Chase & Co is reportedly set to move €200bn (£184bn) assets from the UK to Germany as a result of Brexit. The US banking giant plans to finish the migration of the assets to a Frankfurt-based subsidiary by the end of this year, Bloomberg reported, citing people familiar with the matter. The shift [...]
JP Morgan prepares to launch UK digital bank next year August 21, 2020 JP Morgan Chase is reportedly preparing to launch an online bank in the UK early next year. The investment bank is finalising plans to open its UK challenger bank in the first quarter of 2021, according to Sky News. It has signed up suppliers to provide cloud and digital banking infrastructure, including Amazon Web Services [...]