J.P. Morgan tech bankers are showing companies statistics that suggest their IPOs will perform better if they're co-leading a deal with Morgan Stanley or Goldman Sachs. It's all part of an aggressive strategy to win more mandates.
Banks want to move from hawking individual products to becoming platforms that clients can turn to as one-stop shops for financial services. The shift is necessitated by advances in technology that allow software to replace humans.
Larry Culp bought 225,000 shares at an average price of $9.73 a share, according to an SEC filing.
NEW YORK/ PARIS, Nov 4- JPMorgan Chase& Co, the biggest U.S. bank by assets, said on Sunday that it has selected impoverished areas around Paris as the first foreign focus of an urban economic development strategy it started four years ago in Detroit. Located north of Paris, Seine-Saint-Denis has the highest poverty and crime rates in France. The Paris effort is part of...
The "Squawk Box" crew discuss J.P. Morgan Chairman and CEO Jamie Dimon's latest comments on bitcoin and the trade war.
J.P. Morgan CEO Jamie Dimon has long touted his bank's need to embrace Silicon Valley through investments in technology. He's now opening up an office for more than 1,000 people in one of the nation's most expensive real estate markets.
Oct 18- Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday. A number of top bankers and business leaders, including JP Morgan CEO Jamie Dimon, have decided not to attend the high-profile event in Riyadh amid mounting international...
"It certainly looks that way to me. It's very sad," Trump said when asked if Khashoggi is dead.
Treasury Secretary Steven Mnuchin announces he will not attend next week's investment conference in Saudi Arabia, the latest high-profile dropout amid a global outcry over the disappearance of dissident journalist Jamal Khashoggi.
As owner of The Washington Post, Jeff Bezos has yet to say a public word on the presumed death of Saudi journalist Jamal Khashoggi. Amazon has an emerging business in Saudi Arabia.
Oct 17- After another lackluster quarter for bond trading, most Wall Street banks are moving faster to adopt new technology to improve results, but analysts say the winners of the race must grow market share to combat shrinking margins. Last Friday, JPMorgan Chief Executive Jamie Dimon told analysts that results could improve as the bond market doubles in size...
The IMF's Christine Lagarde had been scheduled to attend an investing event in Saudi Arabia which has seen mounting cancellations since the disappearance of Washington Post columnist Jamal Khashoggi.
Bank executives point to a good environment, in which consumers are spending and companies are investing. Yet, the market seems to be focused on one thing: rising interest rates.
LONDON, Oct 16- The bosses of some of Europe's biggest banks and finance firms have pulled out of a high-profile investment conference in Saudi Arabia, joining a growing list of business chiefs to abandon the event amid widespread concern about the fate of a journalist. The withdrawals follow earlier exits by top U.S. financial executives including JPMorgan...
Oct 16- BlackRock Inc Chief Executive Officer Larry Fink said on Tuesday that he would not cut ties with Saudi Arabia even as pressure mounts on the country to explain the disappearance of a prominent critic. Fink is one of several top business executives, including JPMorgan Chase& Co's Jamie Dimon and HSBC Holdings plc CEO John Flint, who pulled out of a major...
Oct 16- BlackRock Inc Chief Executive Officer Larry Fink said in a CNBC interview on Tuesday his decision to pull out from a big investment conference in Saudi Arabia does not mean that the asset manager will cut ties with the Kingdom. Pressure has mounted on Saudi Arabia since prominent Saudi journalist Jamal Khashoggi, a Washington Post columnist who has been...
Google Cloud CEO Diane Greene is the latest Silicon Valley leader to drop out of the high-profile Saudi Arabian conference dubbed "Davos in the Desert."
Bahrain's foreign minister called for a boycott of the Uber Technologies after its CEO said he will not attend a business conference in the kingdom's ally Saudi Arabia. JP Morgan Chase & Co and Ford Motor Co also cancelled plans to attend the conference.
Financial markets signal that the torrent of American CEOs pulling out next week's Saudi investment conference is not a great concern, the Allianz economist says.
The president's tweet came after Saudi Arabia's King Salman ordered an investigation into journalist Jamal Khashoggi's disappearance.
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