JP Morgan RideLondon pair face Bertha in tandem cycle August 10, 2014 Cycling 100 miles is hard. Cycling it on a tandem bike is even harder. But you know it will be a challenge when you’re also doing it in the tail end of hurricane Bertha – just ask Tom Richards and Dan Willis, the JP Morgan employees who completed RideLondon in aid of Whizz-Kidz yesterday on [...]
JP Morgan hurt by bond trading crunch July 16, 2014 Bond trading revenues dived again at JP Morgan, the bank said in its second quarter update yesterday, leading profits down eight per cent on the year. But the giant bank’s shares still bounced back as the results were not as bad as investors had previously feared – its price jumped 3.86 per cent. [...]
JP Morgan chairman Jamie Dimon diagnosed with throat cancer July 2, 2014 Jamie Dimon, the chief executive and chairman of JP Morgan Chase, has been diagnosed with a curable form of throat cancer. Dimon, 58, will now undergo an eight-week course of radiation and chemotherapy treatments. He indicated in a note to shareholders and staff that the cancer had been caught early and was considered curable by [...]
JP Morgan’s Jamie Dimon has throat cancer July 1, 2014 Chief executive of JP Morgan Jamie Dimon has curable throat cancer, according to reports in the US late last night. “The cancer was caught quickly, and my condition is curable,” Dimon told investors and staff in a note, explaining that he will now face eight weeks of radiation and chemotherapy treatment to tackle the disease. [...]
Coroner rules death of JP Morgan exec Gabriel Magee was suicide May 20, 2014 A CORONER has ruled that the death of JP Morgan IT executive Gabriel Magee was suicide. US-born Magee jumped from the 32nd floor of the company’s Canary Wharf offices and was discovered at 8am on 28 January on a protruding roof on the ninth floor of the building. Coroner Mary Hassel said she was satisfied [...]
JP Morgan gives miners much-needed upgrade May 12, 2014 Miners, usually the underdogs of the stock market these days, got a boost this morning from a JP Morgan note that upgraded its recommendation on the mining sector to overweight. The likes of Rio Tinto, BHP Billiton and Anglo American topped the FTSE 100, after the bank said that there are “signs of a rebound [...]
JP Morgan shares dive on $1bn fall in bond trading revenues May 6, 2014 THE CRUNCH in bond trading revenues hit JP Morgan’s shares again yesterday after the bank warned revenues are weak again this quarter. Fixed income and equities trading revenues in the second quarter are on track to fall by around 20 per cent compared with the same period of 2013, the bank warned in a regulatory [...]
JP Morgan’s cutting edge bankers are in Dorset May 1, 2014 The glittering sky-scrapers of Canary Wharf and the tech hubs of Silicon Roundabout might seem the obvious places to look for the most advanced banking offices around. But JP Morgan thinks its Bournemouth campus, as the 4,000-staff site is know, is at the cutting edge. The giant US bank is spending almost $50m [...]
JP Morgan shares drop as first quarter disappoints April 11, 2014 The first of the big banks to report first-quarter earnings, JP Morgan has posted results significantly below estimates. Net income fell to $5.3bn (£3.2bn), compared with $6.5bn a year earlier – that’s earnings of $1.28 per share, below expectations of analysts polled by Bloomberg of $1.46. In the first quarter of 2013, the figure was [...]
JP Morgan reshuffles top execs at corporate and investment bank April 7, 2014 A NEW top team was appointed to head JP Morgan’s corporate and investment banking (CIB) arm yesterday in a major reshuffle of talent at the institution. Daniel Pinto became the sole head of the arm of the giant bank last month, when his co-head Mike Cavanagh quit the firm. Pinto sent out a memo to staff, seen by [...]