JPMorgan Financial News

demure' has been announced as the 2024 word of the year by Dictionary.com. 'Demure' world went viral over the summer- beating out other contenders like “brainrot,” “brat,” and “weird.” According to Dictionary.com, the term ‘demure’ means to be characterized by shyness and modesty and to be reserved. The term topped the platform’s annual list after its popular use on social media in recent months, sparked by TikToker Jools Lebron’s viral video using the phrase “Very demure, very mindful." ALSO READ: Work 3.5 days a week and lifespan of 100 years a reality soon? JPMorgan CEO Jamie Dimon envisions a future

JPMorgan CEO Jamie Dimon is optimistic about the impact of artificial intelligence (AI) on the workforce while dismissing doomsday predictions and instead highlighting it’s potential to enhance business operations and improve work-life balance, reported Fortune. According to Fortune, Jamie Dimon envisions a future where employees might work only three and a half days a week while benefiting from AI's ability to automate tasks that currently consume 60% to 70% of their time. He also believes that this technological shift could contribute significantly to the global economy which will potentially add between $2.6 trillion and $4.4 trillion annually. Also Read: US stocks going off the charts after Scott Bessent's nomination as Treasury Secretary in Trump's administration

Indigenous leaders from the Wampis Nation in Peru are urging lawmakers at the House of Commons in London to ban international banks’ support for Amazon oil activities they say harm their ancestral rainforests

Subscribe to enjoy similar stories. Wall Street is glued to “The Apprentice: Treasury Edition." The auditioning for President-elect Donald Trump’s Treasury secretary isn’t just great theater. Trump’s choice will be key to where his economic agenda is headed.

Wipro Executive Chairman Rishad Premji has voiced optimism about the potential impact of Donald Trump’s return to the US presidency on India’s IT services sector. Speaking at an event in Bengaluru on November 19, Premji stated that Trump’s policies, which he described as «pro-business and pro-growth,» would benefit the technology services industry both in India and globally. «The government is very pro-business and pro-growth, which helps all of our customers, ultimately benefiting partners here in India and worldwide,» Premji said, highlighting the potential for tax cuts and deregulation to positively influence business activities. This optimistic outlook follows a period of uncertainty for India’s IT companies, many of which have faced challenges as clients reduced spending on discretionary projects due to ongoing macroeconomic issues and inflationary pressures. Premji suggested that Trump's focus on corporate tax reductions and easing business regulations could help stimulate customer spending and contribute to growth in the sector.

It will be a while before Vis Raghavan becomes a veteran at Citi, but after nearly six months as the US bank’s global head of banking and executive vice chair, he’s presumably at last about to exceed his notice period. 

$300m is a lot of money. It was even more money in the late 1980s, when Howard Lutnick, the man who might now be Donald Trump's Treasury Secretary, made $300m in profit for Cantor Fitzgerald. Lutnick joined Cantor aged 22 in 1983; he became CEO there seven years later, aged 29.

We revived our Ideal Employer report last year after a five year hiatus, and the people spoke: JPMorgan won by a landslide.

U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank's rate-cutting cycle in the wake of Donald Trump's election win. Nomura now expects the Fed to deliver only two 25-basis-point (bp) rate reductions at its March and June meetings in 2025, leaving the brokerage's Fed funds rate projection unchanged at 4.125% through next year. The Fed's benchmark overnight interest rate is currently in the 4.50%-4.75% range. It has cut rates by 75 bps in 2024.

Subscribe to enjoy similar stories. Good luck getting a safe-deposit box. Longtime deposit-box renters are getting kicked out of their boxes by banks that are shutting down or scaling back the service.

Subscribe to enjoy similar stories. The ‘world’s banker’ Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators. At a conference last week, Dimon had some harsh words for several major US banking regulations, which he called burdensome and inconsistent.

JPMorgan index, so far in November, according to clearing house data on Thursday. A rise in U.S. yields along with a stronger dollar have driven the selling, traders and analysts said. They expect the outflows to persist until global market volatility settles.

Goldman Sachs announced that it had 95 new partners last week, the highest number promoted in nearly a decade. Five of those were in Paris, the first since a single nominee in 2014 — Pierre Hudry, who has since left the firm.

Financial services hiring is perking up everywhere, but in Hong Kong it's looking particularly sprightly. Bloomberg reported yesterday that professionals licensed with the Hong Kong Securities and Futures Commission (SFC) increased at the fastest rate ever in the past four months.  One of those hires was at Goldman Sachs, which has just relocated a London-based MD from a rival bank who previously spent the bulk of his career in Hong Kong.

‘Varney & Co.’ host Stuart Varney analyzed the stock market's reaction to President-elect Trump's win over Vice President Kamala Harris.

Subscribe to enjoy similar stories. The man charged with reviving Citigroup’s reputation as an investment bank is setting his sights on the buyout kings. Vis Raghavan, Citi’s new banking head, wants his dealmakers to advise on and finance more private-equity deals, bringing in more fees to a group that has punched below its weight for more than a decade.

Investors in Canadian financial stocks are poised to benefit from Donald Trump’s return to Washington with an agenda to cut taxes and regulations, analysts and strategists say.

The largest active ETF provider in Europe has listed the JPMorgan US Equity Premium Income Active UCITS ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF (JEPQ) on the London Stock Exchange today (6 November). JEPI and JEPQ have been popular among US ETF investors since their US launches in May 2020 and May 2022, respectively.  With $36.6n in assets under management, the US-domiciled version of JEPI is currently the largest active ETF globally, while JEPQ holds $17.6bn in assets as of 24 October.  Invesco unveils trio of future-focused thematic ETFs The two p...

If you work for a US bank and own stock from deferred bonuses past, the re-election of Donald Trump may seem a fine thing. 

In a London Stock Exchange notice today (5 November), the board said that after consulting with the trust's largest stockholders, putting forward the managed wind-down proposal is «in the best interest of shareholders as a whole». Directors will need to seek shareholder approval to amend JARA's investment objective and policy, with full information such as details on the probable timeline for the sale of its assets set to be published «as soon as practicable». «Following receipt of the required approvals, the [trust] will conduct an orderly realisation of its assets, and the investmen...

JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage customers, the regulator said on Thursday. The settlements include $61 million of civil fines and $90 million of reimbursements to customers. JPMorgan did not admit or deny wrongdoing in agreeing to the settlements. «JPMorgan's conduct across multiple business lines violated various laws designed to protect investors from the risks of self-dealing and conflicts of interest,» Sanjay Wadhwa, acting director of the SEC enforcement division, said in a statement.