JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008
Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after…
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
U.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a…
Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails
The best hope for avoiding a collapse of ailing lender First Republic hinges on how persuasive one group of bankers…
Morgan Stanley tops estimates on better-than-expected bond trading revenue
Morgan Stanley on Wednesday topped estimates for first-quarter profit and revenue on better-than-expected trading results. Here’s how the company did:…
Bank of America customers are spending more and that’s supporting U.S. employment, CEO says
Bank of America‘s customers are spending freely on dining, entertainment and other experiences, which in turn supports U.S. employment, CEO…
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans
Goldman Sachs posted first-quarter results Tuesday that missed analysts’ expectations for revenue after taking a $470 million hit tied to…
Jamie Dimon issues warning on rates: ‘It will undress problems in the economy’
Investors and businesses should plan for interest rates to remain higher for longer than currently expected by the market, according…
JPMorgan Chase posts record revenue on higher interest rates; shares jump 7%
JPMorgan Chase posted record first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from…
JPMorgan wealth CEO Erdoes says bank knew of Epstein sex accusations in 2006, USVI alleges
JPMorgan Chase was aware in 2006 of accusations that disgraced former financier Jeffrey Epstein paid to have underaged girls brought…
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey…
