JPMorgan Chase

JPMorgan doubles Swiss business by targeting wealthy clients

The bank has boosted staff in Zurich and Geneva by 30% this year

The new JPMorgan building will be in Canary Wharf (above), and will contribute £9.9 billion over six years to the local economy.

JPMorgan to build HQ in London, its biggest in Europe, Middle East and Africa

The 3 million sq ft behemoth in Canary Wharf will house up to 12,000 people

JPMorgan forecasts the Fed will carry out two, quarter-point cuts next month and in January.

JPMorgan flips forecast, sees Fed cutting rates in December

The Federal Open Market Committee, led by chair Jerome Powell, meets in Washington on Dec 9 and Dec 10

SitusAMC said it was the target of a Nov 12 cyberattack that compromised system data and may have affected information linked to clients’ customers, including JPMorgan.

JPMorgan, Citi, Morgan Stanley client data may be exposed by vendor’s hack: report

SitusAMC sys the affected data included corporate information tied to some clients’ dealings with the company

Deregulation can “drive a material uplift through 2026” in lending, mergers and acquisitions and technology investment and will buoy earnings and market share, according to a Friday (Nov 21) note from Jefferies analysts including Aniket Shah and Daniel Fannon.

Banks get US$2.6 trillion from deregulation, Jefferies says

[NEW YORK] Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according to Jefferies analysts, cementing the richer valuati...

JPMorgan in August agreed to pay US$338.8 million to Malaysia to resolve all existing and potential claims relating to 1MDB.

1MDB drops JPMorgan, Coutts from US$1.1b lawsuit

[KUALA LUMPUR] Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported.

UK industrialist Jim Ratcliffe (centre) took control of Manchester United’s football operations last year after spending about US$1.5 billion to buy roughly a third of the 20-time English league champions.

JPMorgan’s billionaire clients want sports teams more than fine art

Sports have become more than just a passion investment of the ultra-rich and are now a growing part of their portfolio

JPMorgan has grown to one of the largest banks in Germany, drawn to its large wealthy customer base, stable regulatory environment and fintech scene.

JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses

The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes

Owners of NBA and NFL teams have also opened up more to private equity firms in recent years, helping to drive up valuations.

JPMorgan’s billionaire clients want sports teams more than fine art

Wealthy individuals buying sports teams outside the US include ammunition tycoon Michal Strnad

Hamilton Reiner, JPMAM managing director, believes options should be used for outcomes and not for leverage.
MIND THE GAP

Derivative-income funds offer attractive yields – if you can accept the trade-off

[SEOUL] Vetaran fund manager Hamilton Reiner, who pioneered equity premium income funds for JP Morgan Asset Management (JPMAM), speaks with a kindly, almost professorial cadence that belies his star p...