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....He noted that the 2016 figures showed a rapid decline in fines from the Financial Conduct Authority, which issued fines worth £819m in the first six months of 2015 alone, as a result of the market-rigging scandals. Top of the table are major US banks Bank of America, which dominates the table because of its previous bill for the toxic bond mis-selling scandal, JP Morgan and Morgan Stanley. ... [Read full article on Guardian ]
Monday 14th of August 2017 05:28:32 PM
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....Although they are seemingly accessible to members of the public and have the look and feel of public land, these sites – also known as privately owned public spaces or “Pops” – are not subject to ordinary local authority bylaws but rather governed by restrictions drawn up the landowner and usually enforced by private security companies. The Guardian contacted the landowners of more than 50 major pseudo-public spaces in London, ranging from financial giant JP Morgan (owner of Bishops Square in Spitalfields) to the Tokyo-based Mitsubishi Estate (owner of Paternoster Square in the City of London) and the Abu Dhabi National Exhibitions Company (owner of the open space around the ExCeL centre). ... [Read full article on Guardian ]
Monday 24th of July 2017 06:30:29 AM
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....Barclays and Bank of America are moving staff to Dublin, while Morgan Stanley has picked Frankfurt. JP Morgan has bought a landmark office block in Dublin that could house 1,000 staff, although its chief executive Jamie Dimon said last month that the number of job it moves would depend on demands from the remaining members of the EU. ... [Read full article on Guardian ]
Monday 14th of August 2017 11:01:08 PM
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....To the audible delight of Irish estate agents, tailors and wine merchants, the authorities there say they have finalised deals with more than a dozen banks and finance houses for some of their business to be shifted from London to Dublin. JP Morgan – which warned during the referendum campaign that Brexit might mean losing a quarter of its 16,000 UK staff – has started building a 22-storey tower on the banks of the Liffey. ... [Read full article on Guardian ]
Friday 11th of August 2017 05:00:49 AM
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....What will be Dublin’s tallest building is rising in Capital Dock, just east of a cluster of developments that already house the flagship international headquarters of Google, Facebook and Airbnb. Banker JP Morgan will be taking much of the new space in Capital Dock, doubling its head count in the capital. ... [Read full article on Guardian ]
Sunday 6th of August 2017 09:42:50 AM
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.... Both men were members of 21 SAS Reserve Regiment and Hannam donated £2,000 to Davis’s Tory leadership campaign in 2005. But their relationship deepened in 2012 when Davis criticised the Financial Services Authority in its pursuit of the City’s leading dealmaker, who was forced to leave his job with JP Morgan after being found guilty of “market abuse”. ... [Read full article on Guardian ]
Saturday 12th of August 2017 07:45:41 PM
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.... US banks are also affected. Bank of America is expanding in Dublin, while JP Morgan Chase has bought a new office in Dublin’s docklands area that can house up to 1,000 staff. ... [Read full article on Guardian ]
Thursday 3rd of August 2017 06:28:41 PM
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Latest Finance News related to JP Morgan

City 'haemorrhaging' talent because of Brexit, says headhunter image
Source : Guardian [Read Article] Monday 14th of August 2017 11:01:08 PM
....Barclays and Bank of America are moving staff to Dublin, while Morgan Stanley has picked Frankfurt. JP Morgan has bought a landmark office block in Dublin that could house 1,000 staff, although its chief executive Jamie Dimon said last month that the number of job it moves would depend on demands from the remaining members of the EU. ...
World's biggest banks face £264bn bill for poor conduct image
Source : Guardian [Read Article] Monday 14th of August 2017 05:28:32 PM
....He noted that the 2016 figures showed a rapid decline in fines from the Financial Conduct Authority, which issued fines worth £819m in the first six months of 2015 alone, as a result of the market-rigging scandals. Top of the table are major US banks Bank of America, which dominates the table because of its previous bill for the toxic bond mis-selling scandal, JP Morgan and Morgan Stanley. ...
David Davis linked to City trader fined for insider dealing image
Source : Guardian [Read Article] Saturday 12th of August 2017 07:45:41 PM
.... Both men were members of 21 SAS Reserve Regiment and Hannam donated £2,000 to Davis’s Tory leadership campaign in 2005. But their relationship deepened in 2012 when Davis criticised the Financial Services Authority in its pursuit of the City’s leading dealmaker, who was forced to leave his job with JP Morgan after being found guilty of “market abuse”. ...
For the first time ever I am defending banks. Here’s why | John Harris image
....To the audible delight of Irish estate agents, tailors and wine merchants, the authorities there say they have finalised deals with more than a dozen banks and finance houses for some of their business to be shifted from London to Dublin. JP Morgan – which warned during the referendum campaign that Brexit might mean losing a quarter of its 16,000 UK staff – has started building a 22-storey tower on the banks of the Liffey. ...
Brexit-fuelled boom gives Dublin’s Celtic Tiger a reason to roar image
Source : Guardian [Read Article] Sunday 6th of August 2017 09:42:50 AM
....What will be Dublin’s tallest building is rising in Capital Dock, just east of a cluster of developments that already house the flagship international headquarters of Google, Facebook and Airbnb. Banker JP Morgan will be taking much of the new space in Capital Dock, doubling its head count in the capital. ...
Swiss bank Julius Bär plans expansion in UK with new offices image
Source : Guardian [Read Article] Thursday 3rd of August 2017 06:28:41 PM
.... US banks are also affected. Bank of America is expanding in Dublin, while JP Morgan Chase has bought a new office in Dublin’s docklands area that can house up to 1,000 staff. ...
Revealed: the insidious creep of pseudo-public space in London image
Source : Guardian [Read Article] Monday 24th of July 2017 06:30:29 AM
....Although they are seemingly accessible to members of the public and have the look and feel of public land, these sites – also known as privately owned public spaces or “Pops” – are not subject to ordinary local authority bylaws but rather governed by restrictions drawn up the landowner and usually enforced by private security companies. The Guardian contacted the landowners of more than 50 major pseudo-public spaces in London, ranging from financial giant JP Morgan (owner of Bishops Square in Spitalfields) to the Tokyo-based Mitsubishi Estate (owner of Paternoster Square in the City of London) and the Abu Dhabi National Exhibitions Company (owner of the open space around the ExCeL centre). ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
. US prosecutors have decided to drop criminal charges against two former JP Morgan Chase & Co derivatives traders implicated in the “London Whale” trading scandal that caused $6. ...
Bank of America to move some City of London roles to Dublin post-Brexit image
....Brian Moynihan, chief executive of Bank of America, was in Dublin for the landmark announcement, which was made after a meeting with taoiseach Leo Varadkar, who is keen to capitalise on the fallout from the City after the vote for Brexit. Varadkar has met a number of bank bosses this month, including Jes Staley of Barclays and Jamie Dimon of JP Morgan Chase, the US bank that has bought a new office in Dublin’s docklands area that can house up to 1,000 staff. ...
Fit for an oligarch: school for the super-rich opens in London's Mayfair image
....Hepher, whose headteacher’s office will occupy Lady Coventry’s gold leaf and wood-panelled 1765 octagonal dressing room, said he and the school’s backers have spent years looking for suitable space to open an upper school to cater for the increasing demand for an independent day school in London’s richest neighbourhood. The school is owned by Minerva Education, a rapidly expanding independent school provider, which is part of a private equity firm run by former JP Morgan banker Philip Rattle. ...
Is this the Brexit banking exodus Theresa May told us couldn’t happen? | Nesrine Malik image
....The latest financial institution making plans to relocate jobs away from the UK is Morgan Stanley, which has announced that Frankfurt will become its post-Brexit EU hub, a move that could shift an initial 200 jobs to Germany. Morgan Stanley joins Standard Chartered and Nomura, both of which also picked Frankfurt as a new EU base, and JP Morgan and Goldman Sachs, which are moving jobs out of London to various other centres. ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
....Standard Chartered, Nomura and Daiwa are among the other financial institutions that have already picked the German city for their new EU base. Last week, Barclays said it was talking to regulators in Dublin to discuss expansion, while JP Morgan has also been discussing plans with regulators in the Irish capital. ...
'City will have to launch Brexit plans if there is no transitional deal' image
.... Firms were not moving their business yet, he said, but they were talking “more in terms of getting there”. Last week, Barclays said it talking to regulators in Dublin to discuss expansion, while JP Morgan has also been discussing plans with regulators in the Irish capital. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
.... “Barclays Bank Ireland, which has a banking licence and which we have operated for almost 40 years, provides a natural base and we are engaging with our regulators in discussions to extend its activities,” the bank said. A week earlier, JP Morgan’s chairman and chief executive Jamie Dimon was also in Varadkar’s office discussing the American bank’s expansion in Dublin. ...
JP Morgan chief blasts US dysfunction: 'It's almost an embarrassment being American' image
. JP Morgan just had the most profitable 12 months ever for a US bank – but it wasn’t enough for Jamie Dimon, the bank’s boss. ...
JP Morgan: we'll only move jobs from UK after Brexit if EU forces us image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:35:32 PM
. The worldwide boss of JP Morgan has said othat the Wall Street bank would only have to move thousands of jobs out of the UK in response to Brexit if ordered to do so by the EU. ...
Deadline looming for firms to give Brexit strategies to Bank image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
....The City is awash with rumours about how many jobs will be affected and which financial centres in the remaining 27 EU states might benefit from the UK’s exit, especially if an outline transition deal is not set out by year-end. JP Morgan has indicated up to 1,000 London-based bankers will be relocated to Dublin, Frankfurt and Luxembourg, while Goldman Sachs – still constructing a new HQ in London – has said it will need more people in a number of EU centres, including Madrid, Milan and Paris. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
.... Given that Worldpay’s shares traded at 320p on Monday, the takeover premium is miserable. To compound shareholders’ disappointment, the other possible bidder – JP Morgan – immediately dropped out of the race. ...
Worldpay buyout by Vantiv reignites debate over foreign takeovers image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:04:35 PM
....1bn in April. The Worldpay deal was announced after intense talks through Tuesday night following its admission that it had been approached by Vantiv and JP Morgan Chase, driving its shares up 28%. ...
Lloyds and the FCA must give full story on HBOS Reading fraud | Nils Pratley image
.... The idea that £6bn has been “lost” to RBS is about three-quarters illusion. Can Worldpay itself resist £8bn-plus offers, assuming Vantiv and JP Morgan convert their approaches into real bids? Well, it shouldn’t surrender its independence without a fight. ...
Ireland says dozen City firms and banks to set up in Dublin over Brexit image
Source : Guardian [Read Article] Thursday 29th of June 2017 05:09:09 PM
....He said one of the firms was potentially moving 1,000 staff to Dublin. US bank JP Morgan is buying a landmark office building in the Irish capital in a significant boost for the city. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
.... Some got lucrative speaking engagements – Hillary Clinton’s $200,000 speeches to Goldman Sachs come to mind. Others found new work after their time in politics was over, with Tony Blair taking a reported £2m a year as a fixer for JP Morgan. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
.... He started the business last summer, with backing from Aberdeen Asset Management and a number of big-name bankers. The former JP Morgan bond trader joined Barclays in 1996 and was a loyal lieutenant of Bob Diamond, who took over from John Varley as Barclays chief executive. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
....On Tuesday, Brussels outlined plans that could strip London of its coveted role in clearing financial assets denominated in euros amid warnings this could threaten 100,000 jobs across the UK. Big banks such as Goldman Sachs and JP Morgan have also said they would shift jobs out of London in response to Brexit. ...
How will the City react to a Tory or Labour general election victory? image
Source : Guardian [Read Article] Thursday 8th of June 2017 09:10:38 AM
.... Since the vote for Brexit, the FTSE 100 has been bolstered by the weaker pound as this benefits the international companies in the index. Analysts at JP Morgan, though, reckon the index could rise by as much as 2% despite stronger sterling on relief that the Conservatives have secured victory. ...
China's HNA: The biggest company you've never heard of image
Source : BBC [Read Article] Tuesday 6th of June 2017 02:52:26 PM
.... . With the support of banks such as JP Morgan and Goldman Sachs, it can continue to fund its future growth, he says. ...
Global stock markets fall as Trump turmoil intensifies image
Source : BBC [Read Article] Wednesday 17th of May 2017 05:31:25 PM
....Financial stocks, big risers over the last few months, bore the brunt of Wednesday's share price falls. Goldman Sachs fell more than 5% and JP Morgan Chase fell 3. ...
JP Morgan buys bigger office for 1,000 staff in Dublin image
Source : BBC [Read Article] Monday 15th of May 2017 02:01:38 PM
. JP Morgan, the US investment bank, has bought a new office building in Dublin that can accommodate up to 1,000 staff. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
. US bank JP Morgan is buying a landmark office building in Dublin in a significant boost for the Irish capital as European cities compete to lure financial institutions away from London in the wake of the Brexit vote. ...
Barclays boss Jes Staley fooled into email exchange with prankster image
Source : Guardian [Read Article] Thursday 11th of May 2017 07:05:50 PM
.... The prankster told the Financial Times he was in a battle with the bank over a customer issue and that he wanted to see “how Jes was relaxing after his AGM”. The chief executive had apologised at the AGM about his attempts to identify a whistleblower who was apparently making allegations about Tim Main, who worked with Staley at JP Morgan and who was recruited to Barclays in a senior role last June. ...
Sterling falls after Bank report image
Source : BBC [Read Article] Thursday 11th of May 2017 07:59:40 AM
....Centrica, the British Gas owner, fell a further 5. 4% after it went ex-dividend and JP Morgan cut its rating to "underweight" from "overweight". ...
Staley might be right: UK immigration policy could be key to City's future | Nils Pratley image
....Barclays’ tone on Brexit is wildly different from other big banks. Deutsche Bank, JP Morgan, Goldman Sachs and HSBC have been warning of various degrees of exodus from the City. ...
Barclays chief apologises to shareholders over whistleblowing incident image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:26:33 PM
....At the AGM in the Royal Festival Hall, London, one private investor called on Staley to quit over the events, which were revealed last month when Barclays admitted that its chief executive had twice attempted to unmask a whistleblower. The whistleblower’s allegations concerned Tim Main, who worked with Staley at JP Morgan and who was recruited to Barclays in a senior role last June. ...
Pret a Manger considers putting New York IPO on the menu image
Source : Guardian [Read Article] Wednesday 10th of May 2017 02:23:58 PM
....The owner of Pret a Manger is reportedly exploring a listing on the New York stock exchange, as it eyes up expansion in the $41bn (£32bn) a year US coffee shop market. Bridgepoint, the UK-based private equity firm, is thought to be considering a flotation with JP Morgan and Jefferies as lead advisers. ...
Barclays CEO sees no reason for Brexit jobs shift to Europe image
Source : Guardian [Read Article] Wednesday 10th of May 2017 12:12:29 PM
....Preparing for Brexit, Staley said, was not as complex as setting up a US holding company, as required by the US authorities last year, or preparing to ring-fence Barclays’ high street bank from its risky investment banking arm by 2019. His remarks contrast with those of rivals such as Deutsche Bank which has warned 4,000 roles could go from London, while US bank JP Morgan is preparing to move up to 1,000 bankers out of the City to Dublin, Frankfurt and Luxembourg. ...
City banks could move at least 9,000 jobs from UK due to Brexit image
Source : Guardian [Read Article] Monday 8th of May 2017 04:41:23 PM
....Last month Deutsche warned that up to 4,000 UK jobs – nearly half its UK workforce – could move to Frankfurt and other EU centres. US bank JP Morgan is preparing to move up to 1,000 bankers out of the City to Dublin, Frankfurt and Luxembourg. ...
City firms say they won't be ready for Brexit in two years image
Source : Guardian [Read Article] Monday 8th of May 2017 05:59:55 AM
....Firms have also started to give details in public about how they might tackle the situation and the Bank of England has told firms to provide it with details of their Brexit plans by 14 July and to ready for all possible outcomes, including a hard Brexit. US bank JP Morgan is preparing to move up to 1,000 bankers out of the City to Dublin, Frankfurt and Luxembourg. ...
JP Morgan may move hundreds of jobs in pre-Brexit move image
Source : BBC [Read Article] Wednesday 3rd of May 2017 12:42:46 PM
. US bank JP Morgan could move up to 1,000 jobs out of London ahead of the UK's exit from the European Union. ...
JP Morgan to move hundreds of jobs out of UK due to Brexit image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 11:36:23 AM
. Up to 1,000 bankers working for JP Morgan in the City of London are to be relocated to Dublin, Frankfurt and Luxembourg as the US bank becomes the latest to set out Brexit plans. ...
Barclays chief clashes with private equity firm over family dispute image
....And the US buyout firm issued a thinly-veiled warning reminding Barclays of its “responsibilities” to clients, in a row that threatens to expose Staley to renewed accusations of allowing personal relationships to affect the bank he runs. The chief executive apologised last month after admitting that he asked Barclays’ internal security team to unmask a whistleblower, who had made accusations against an ex-colleague Staley recruited from his former employer JP Morgan. ...
Barclays chief admits he 'made a mistake' over whistleblowing case image
Source : Guardian [Read Article] Friday 28th of April 2017 08:27:59 AM
....Staley refused to provide any more details about the situation, which has stunned the City since the bank said two weeks ago that his bonus would be cut after he became too involved in the whistleblowing case. This related to the conduct of Tim Main, who worked with Staley at US bank JP Morgan and was then recruited to Barclays in a senior role last June. ...
Barclays profits more than double image
Source : BBC [Read Article] Friday 28th of April 2017 06:36:15 AM
....That's the view of some current and former shareholders who tell me that not only would Barclays suffer if the US boss was pushed out during his so-far successful turnaround of the 360-year-old bank but also, weakening the UK's last major investment bank would be bad for the entire UK financial landscape. Jes Staley is under investigation by authorities for twice trying to identify the author of a letter raising questions about Staley's decision to recruit an old colleague from his JP Morgan days who had been through personal issues that had led to "erratic behaviour". ...
Barclays boss faces shareholder revolt over whistleblowing case image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:37:05 PM
....Staley will be braced for questions about his conduct when the bank reports its first-quarter results on Friday. He has issued a written apology for becoming too personally involved in the whistleblowing case, which related to the conduct of Tim Main, who worked with Staley at US bank JP Morgan and was then recruited to Barclays in a senior role last June. ...
Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:03:42 PM
....Other City employers are making plans. JP Morgan is considering buying office space in Dublin, and Citigroup has warned it may have to relocate “certain client-facing roles to the EU from the UK”. ...
Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
....UK politicians also command hefty fees for speeches. The former chancellor George Osborne – who is not standing for re-election in June – disclosed that he had received more than £500,000 from speeches in the US, including two events for JP Morgan at £81,174 and £60,578 each, last year. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
....A quick recap of the Barclays story: when Tim Main was hired to the bank in a senior position, a couple of letters were sent to the board and a senior executive making allegations about his past conduct. Main and Staley had worked together for years at JP Morgan: sources say Staley was already aware of these past issues and felt that not only were the allegations unfounded, but that someone was trying to smear his long-time associate. ...
JPMorgan and Citi quarterly profit helped by higher rates image
Source : BBC [Read Article] Thursday 13th of April 2017 11:11:57 AM
....Both reports beat analyst expectations. JP Morgan chief executive, Jamie Dimon, said the background to the results was healthy: "US consumers and businesses are healthy overall and with pro-growth initiatives and improving collaboration between government and business, the US economy can continue to improve. ...
FTSE 100 slides as bank shares lose ground image
Source : BBC [Read Article] Thursday 13th of April 2017 08:04:39 AM
. Banking shares dragged the London market lower after healthy results from US banks including JP Morgan and Citigroup failed to boost confidence. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
.... On the second occasion, the security team received assistance from a US law enforcement agency, but still failed to identify the whistleblowers. The letters are understood to have made allegations about the previous conduct of Tim Main, who worked with Staley at US bank JP Morgan and was then recruited to Barclays in a senior role last June. ...
Bank of England orders financial firms to draft Brexit contingency plans image
.... That in turn has prompted warnings about a blow to tax revenues for the exchequer and to the UK’s economic growth prospects. The insurers Lloyd’s of London and Royal London are setting up subsidiaries outside the UK, while the investment banks JP Morgan and Citigroup are actively exploring the relocation of key operations. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
.... And Mr Trump's failure to push through healthcare reforms had shown how tough this might be. The president's remarks have the backing of Jamie Dimon, chairman and chief executive of one of the world's biggest banks, JP Morgan Chase. ...
Ignore the nanny-state claims – credit card firms need to help those in long-term debt | Nils Pratley image
....The news that Apple, which accounts for roughly half of Imagination’s revenues, plans to stop using Imagination’s technology within 15 months to two years wiped more than 60% off its share price. Analysts at JP Morgan were particularly glum about the situation, brutally describing it as “potentially fatal” for Imagination. ...
EU financial centres vie to poach tens of thousands of City jobs image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
.... But Paris hosts four of the EU’s top 10 banks, and claims 330,000 finance services workers and the mantle of the largest financial centre in the EU after Brexit. Last week, it emerged that JP Morgan was considering buying an office in Dublin, with space for 1,000 workers. ...
FTSE 100 slides as South African-exposed firms hit image
Source : BBC [Read Article] Friday 31st of March 2017 07:52:27 AM
....8%, after a couple of broker upgrades. HSBC raised its rating on the UK insurance group to "buy", while it was lifted to "overweight" at JP Morgan. ...
London will remain Europe’s financial capital despite Brexit | Nils Pratley image
.... If vast chunks of EU-only financial activity have to be cleared within the EU, it is conceivable that sizeable trading teams could shift. Consider moves such as JP Morgan’s bid to buy an office in Dublin as sensible contingency planning: the bank won’t necessarily move hundreds of jobs, but it needs to be able to act quickly if necessary. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....A growing number of leading City firms have revealed they are now laying the groundwork for an exodus of thousands of jobs from London after Britain’s vote to leave to EU. Just a day after Theresa May formally triggered the process for Brexit it was confirmed that the insurers Lloyd’s of London and Royal London are setting up subsidiaries outside the UK, while the investment banks JP Morgan and Citigroup are actively exploring the relocation of key operations. ...
Lloyd’s of London will move jobs to new Brussels office image
Source : Guardian [Read Article] Wednesday 29th of March 2017 05:21:41 PM
....The US insurance giant AIG announced this month that it would set up an EU subsidiary in Luxembourg, where it already has a branch, to serve EU clients after Brexit. Others such as JP Morgan have not yet decided on a location – its chief executive, Jamie Dimon, has warned that up to 4,000 of its 19,000 UK staff could be relocated. ...
London's leading shares lose ground image
Source : BBC [Read Article] Wednesday 22nd of March 2017 08:45:47 AM
.... . "This is a classic risk-off move - people fly to safety, to the names that they know, as they reprice their fiscal policy outlook," said JP Morgan Asset Management's Alex Dryden. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
....During this period many Wall Street banks got out of Latvia, citing concerns that the small Baltic country had become a centre for international money laundering, especially from neighbouring Russia. In 2013, and under US regulatory pressure, JP Morgan Chase ceased providing dollar clearing services to the country. ...
Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
.... Swiss bank UBS has indicated that 1,000 of its 5,000 staff could shift, possibly to Frankfurt or Madrid. US bank JP Morgan hassaid 4,000 UK jobs are at risk. ...
US billionaire philanthropist David Rockefeller dies at 101 image
Source : BBC [Read Article] Monday 20th of March 2017 07:01:10 PM
....David Rockefeller graduated from Harvard in 1936 and received a doctorate in economics from the University of Chicago in 1940. He then served in the army World War Two before working at Chase Bank, which later became JP Morgan Chase. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....Osborne has made £786,450 giving 15 speeches since he was sacked as chancellor. Over two days in October he earned £141,752 for giving two speeches, lasting seven hours combined, to US investment bank JP Morgan, which also paid for his travel and accommodation. ...
What are the UK's highest paid apprenticeships of 2017? image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:42:43 AM
....There are a variety of apprenticeships available in financial services, which span a range of specialisms, including: investment, operations, technology and finance. Investment banking companies such as JP Morgan offer a scheme that covers these areas, while Barclays, Lloyds and Santander offer trainee roles in finance, digital technology, audit and management. ...
Osborne to earn £650,000 a year advising US financial firm image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:31:00 PM
....He joins his former chief of staff, Rupert Harrison, who is a senior strategist for the US investment firm. Former foreign secretary William Hague joined Citigroup as an adviser earlier this year while former prime minister Gordon Brown sits on the global advisory board at investment manager Pimco, and his predecessor Tony Blair joined JP Morgan in 2008 shortly after leaving office. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
....Britain’s commitment to tackling high-end money laundering through the City of London is under serious scrutiny after it emerged that regulators appear to have waved through an $800m bank transfer to a convicted criminal as the proceeds from one of the most corrupt deals in the history of the oil industry. A joint investigation by the Observer and journalists from Finance Uncovered, a non-profit organisation based in London, has discovered that prosecutors in Milan believe two payments of $400m each were wired through JP Morgan in London as the spoils of a huge deal to develop a Nigerian oilfield involving Shell, its joint venture partner the Italian oil giant Eni, and the government in Abuja. ...
Sorry, Brexit doomsayers, the outlook is good on global growth image
Source : Guardian [Read Article] Saturday 4th of March 2017 05:00:20 PM
....Built on the expansion of manufacturing output from Europe to China and the US to Japan are February figures showing global trade grew at the fastest rate for just under six years. An index of global manufacturing health – the JP Morgan Global Manufacturing purchasing managers index (PMI) – has risen to its highest since May 2011. ...
Dow Jones breaks through 21,000 mark image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:48:45 PM
....He has also promised to cut taxes and boost infrastructure spending. Financial firms were the top gainers on the Dow, with JP Morgan Chase and American Express both up more than 2. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
....Such a reversal would generate tensions within the Fed, and where it would leave the FSB, or indeed the Basel Committee, is unclear. In the early days of the Bank for International Settlements (where the Basel Committee’s secretariat is located) in the 1930s, the US government declined to take a board seat, and the US was represented by JP Morgan. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
.... Their dominance of international financial markets is greater even than it was in 2008-09 and the explanation, in part, is surely that they were faster and more determined in raising the extra capital that the FSB and Basel committees requested. JP Morgan, Morgan Stanley, Goldman Sachs et al got back to the races years ago. ...
Frankfurt prepares for Brexit bankers: 'Maybe our city will change them' image
Source : Guardian [Read Article] Friday 27th of January 2017 07:15:19 AM
....Sources within Citigroup have acknowledged the investment bank is contemplating moving some of its London-based traders to Frankfurt, though there has been no official confirmation. Executives from JP Morgan Chase and Morgan Stanley, meanwhile, have said they are sure to move staff from London in the case of the UK losing so-called “passporting rights”, but have refused to be drawn as to which city they favour. ...
Citigroup plans new operations away from London after Brexit image
Source : Guardian [Read Article] Tuesday 24th of January 2017 07:49:23 PM
....As a result of its structure, Citi may face less disruption as a result of Brexit compared with other major employers. JP Morgan warned in the run to the referendum that 4,000 UK jobs are at risk, while HSBC has reiterated that it will have to shift 1,000 roles to Paris to retain access to certain business operations after the UK leaves the EU. ...
Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:15:50 PM
.... The Swiss bank is said to have held talks with the Spanish authorities about moving 300 roles to Madrid, although the finance ministry said it would not comment on private meetings. Jamie Dimon, boss of JP Morgan, which has already warned that 4,000 UK jobs are at risk, said on Wednesday: “It looks like there will be more job movement than we hoped for. ...
Stonewall names Lloyds the UK's most inclusive employer image
Source : Guardian [Read Article] Thursday 19th of January 2017 12:01:22 AM
....Lloyds also supported awareness days and social media campaigns as well as flying bisexual and transgender flags at 35 sites. Law firm Pinsent Masons came second, followed by US banker JP Morgan, while intelligence agency MI5, which was top last year, was joint-fifth with the Welsh Assembly. ...
JP Morgan Chase to pay $55m to settle racial discrimination charges image
Source : Guardian [Read Article] Wednesday 18th of January 2017 04:50:34 PM
. JP Morgan Chase agreed to pay $55m to settle charges that the bank discriminated against “thousands” of minorities seeking home loans by charging them higher rates and fees. ...

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