JPMorgan Financial News

Barclays, which is in the process of devising a new strategy that may not, but should really, mean a lot of job cuts in its investment bank, is also making some promotions. In apress release yesterday, it said it had promoted 81 managing directors in its investment bank, down from 85 last year. 

Our Ideal Employer report had 7,500 respondents, and there was one clear winner — JPMorgan. The bank, as we noted, swept pretty much every category, and came second when it didn't sweep them.

Bond traders who powered a ferocious rally in the $26 trillion U.S. Treasury market are about to find out if they’ve gotten ahead of themselves.

JPMorgan analysts offered fresh comments about the outlook for financial markets for the next year. The famous strategists anticipate “another challenging year for market participants.”

Sebi) chairperson Madhabi Puri Buch on Friday said the inclusion of Indian sovereign bonds in the global indices would not just help the government raise resources but also deepen the country’s corporate bond market. Speaking at the industry body CII’s Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.” “And so we are hoping that down the line, it will be a case of my name is bond. Indian bond,” she added. Finance minister Nirmala Sitharaman had in October said JPMorgan’s decision to include Indian government bonds in its widely tracked emerging market debt index could potentially lead to annual inflows of about $23 billion into the country. JPMorgan will start adding the securities from June 28, 2024 and India will have a maximum weight of 10% on the index. Same-day settlement Buch said Sebi wants to introduce the same-day settlement of trades on the bourses--or the T-plus zero regime--by the end of this fiscal year. The capital markets regulator also aims to move towards the instantaneous settlement regime within 12 months after that.

Bank of India's (RBI) monetary policies are currently the centre of attention for the market. The Monetary Policy Committee (MPC) of the Reserve Bank of India is currently holding a three-day policy meeting. The meeting ends on today.

RBC Capital Markets is having its best year on record, propelling the Canadian bank to become the No. 2 underwriter of United States state and local debt.

After a particularly bad year for green investing, the founder of the world’s biggest hedge-fund firm has just set the record straight.

The sizzling global bond rally stalled on Thursday ahead of a key U.S. jobs report, with a slump in Japanese debt adding to the nerves of Treasury traders already fretting that yields had dropped too far.

McDonald's (MCD) announced that it is set to launch the inaugural CosMc's location in Bolingbrook, Illinois, this week.

During a Senate Banking Committee hearing on Capitol Hill, JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to cryptocurrencies, specifically Bitcoin (BTC). 

“I’ve always been deeply opposed to crypto, bitcoin, etc.,” Dimon told Sen. Elizabeth Warren, during a Senate Banking Committee hearing.

JPMorgan Chase CEO Jamie Dimon delivered scathing remarks about the crypto industry during testimony at a Senate Banking Hearing Wednesday.

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The heads of Wall Street’s biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated, warning that the proposals could negatively impact the economy at a time ...

JPMorgan chief executive Jamie Dimon and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy. The industry has been waging a fierce campaign to kill the «Basel endgame» proposal, which overhauls how banks must calculate their loss-absorbing capital, and as regulators roll out fair lending and fee cap regulations, among other rules. The CEOs hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rule, which is being led by the Federal Reserve, could stifle lending, hurting small businesses and consumers. «If enacted as drafted, this proposal will fundamentally alter the U.S.

UBS has added four advisors to its U.S. head count, including a former senior banker at J.P. Morgan Private Bank.

European shares gained on Wednesday on rising bets of a peak in global interest rates, led by miners riding on higher metal prices, while Germany's benchmark DAX scaled a fresh all-time high. The pan-European STOXX 600 index climbed 0.1% by 0809 GMT, while the Germany's DAX also rose 0.1%. Basic resources gained 1.3% tracking a rise in prices of most base metals. Investors now await euro zone construction purchasing manager's index data for November, along with October retail sales to gauge the strength of the European economy amid recession concerns. Focus was also on U.S.

PLAQUEMINES PARISH, La.— Michael Sabel and his partner, both industry novices, have made a fortune virtually overnight by building from scratch one of the world’s largest gas exporters. They have also made some powerful enemies. Here at this sprawling facility spanning about 630 acres in the wetlands outside New Orleans, Sabel said his company, Venture Global LNG, is on pace to leapfrog competitors and rival Qatar as one of the world’s top exporters of liquefied natural gas by 2030.

Smead Capital Chief Investment Officer Bill Smead discusses which stocks could be big winners in 2024 on Making Money.

WASHINGTON (Reuters) — The top bosses of JPMorgan, Morgan Stanley, Citigroup and other major banks will warn lawmakers that new regulations will hurt credit and the broader economy, according to prepared testimony published on Tuesday.