The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to do so, with the key exception being JPMorgan Chase, the biggest and most profitable … Read more
The JPMorgan Chase & Co. headquarters in New York, US, on Friday, July 7, 2023. Michael Nagle| Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | Reuters Beyond the military conflicts, Dimon cited the burgeoning national debt and “the largest peacetime fiscal deficits ever” that he said … Read more
JPMorgan Chase on Friday topped analysts’ expectations for third-quarter profit and revenue as the bank generated more interest income than expected, while credit costs were lower than expected. Here’s what the company reported: Earnings: $4.33 a shareRevenue: $40.69 billion, vs. $39.63 billion LSEG estimate The bank said profit surged 35% to $13.15 billion, or $4.33 a … Read more
Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
JPMorgan Chase said Tuesday it will pay $75 million to settle a lawsuit by the U.S. Virgin Islands alleging that the American bank facilitated and benefited from the sex trafficking of young women by its longtime customer Jeffrey Epstein. JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin … Read more
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. Emily Elconin | Bloomberg | Getty Images LONDON — JPMorgan Chase Chairman and CEO Jamie Dimon struck a bullish tone at the India Investor Summit, saying the optimism surrounding the country at the moment is “completely justified.” “Look at this conference. I remember … Read more
Kathy Ruemmler, former White Home Counsel, seems on “Meet the Press” in Washington, D.C., June 29, 2014. William B. Plowman | NBCUniversal | Getty Photographs Intercourse predator Jeffrey Epstein was concerned in establishing a consumer relationship between Obama White Home counsel Kathryn Ruemmler and JPMorgan Chase in February 2019, 4 months earlier than he was … Read more
Ghislaine Maxwell and Elon Musk attend the 2014 Self-importance Truthful Oscar Social gathering Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. Kevin Mazur | vf14 | Wireimage | Getty Pictures A federal choose dominated Wednesday that the U.S. Virgin Islands can serve a subpoena for Elon Musk to his electrical automotive … Read more