JP Morgan backs property lender Glenhawk with £200m facility March 16, 2020 JP Morgan has agreed a £200 facility with challenger lender Glenhawk to grow its property loan size and enter the UK homeowner mortgage market. The new senior funding line will support Glenhawk’s ability to grow its maximum property bridging loan size from £3m to £5m to fund a mixture of residential and commercial borrowers. The [...]
JP Morgan chief executive Jamie Dimon undergoes emergency heart surgery March 6, 2020 JP Morgan Chase chief executive Jamie Dimon is recovering from emergency heart surgery, the bank said. The 63-year-old experienced a tear in his heart’s main artery which was caught early and treated successfully, JP Morgan said in a publicly-released internal memo. Dimon is “awake, alert, and recovering well” after the surgery yesterday morning, the memo [...]
JP Morgan shakes up leadership of its investment bank February 18, 2020 JP Morgan is reshuffling the senior management of its investment bank, naming two new global co-heads and shifting other executives into roles focused on bringing in business. The investment banking giant has launched a sweeping reshuffle of top employees in an attempt to promote the next generation of talent while retaining senior staff amid stiff [...]
Cyber firm Callsign set to unveil bumper JP Morgan backing February 4, 2020 London-based identity fraud firm Callsign is said to be on the verge of unveiling fresh funding worth tens of millions of dollars from Wall Street giant JP Morgan. Callsign, which uses AI to verify the identity of users, is signing off on a deal with JP Morgan Asset Management, which manages $2 trillion (£1.5 trillion) [...]
US charges JP Morgan precious metals traders with market manipulation and ‘racketeering’ September 16, 2019 JP Morgan’s global head of precious metals trading has been charged in the US with running an eight-year “racketeering conspiracy” to manipulate markets. Michael Nowak, 45, who ran the bank’s global precious metals trading desk, faces charges of a “massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants,” [...]
Most likely Brexit outcome? PM Boris’s resignation, says JP Morgan September 10, 2019 Of the three main options facing Boris Johnson, the most likely outcome is that he will resign, leaving a new prime minister to go to the EU and request a Brexit extension, JP Morgan said today. In a research note sent to clients, JP Morgan’s head of UK economics Malcolm Barr outlined the “only options” [...]
Barclays shares: Optimists see an opportunity April 29, 2019 | City Talk By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
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 [...]
JP Morgan plans to cut hundreds of asset and wealth management jobs March 28, 2019 JP Morgan Chase & Co is cutting hundreds of jobs across its asset and wealth management division. The investment bank plans to dismiss employees in support roles and some wealth management staff across the firm’s global business as part of an annual review. Read more: City banks back women's wealth scheme “It is normal course of [...]
Nine UK shares that tick all of Warren Buffett’s boxes March 26, 2019 | City Talk By Kyle Caldwell from interactive investor. Looking for equity-based ISA inspiration? We run through the investment checklist of the Berkshire Hathaway chairman to identify UK shares that pass his stockpicking rules. American investor Warren Buffett is to the world of investment what Lionel Messi is to football: the greatest of his generation in the profession [...]