breakingNewsGlobal
Jamie Dimon warns that souring commercial real estate loans could threaten some banks
Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023. CNBC Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon. Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts […]
Read More
Morgan Stanley CEO options to move down within just the 12 months, sparking Wall Road succession race
Important Points Morgan Stanley main James Gorman claimed Friday he ideas to resign as the bank’s CEO inside of the year, setting off a succession race at 1 of Wall Street’s leading firms. The bank’s board has narrowed its CEO search to 3 “very powerful” interior candidates, Gorman claimed. He will choose on the govt […]
Read More
Jamie Dimon says it’s ‘unlikely’ that JPMorgan Chase will acquire another struggling bank
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Tuesday that it’s not likely his bank would […]
Read More
Goldman Sachs created an A.I.-powered social media startup for corporate use
Rohan Doctor, CEO and founder of Louisa Source: Goldman Sachs Goldman Sachs, known more for its Wall Street bankers than its technology, has just spun out the first startup from its internal incubator. The company, a networking platform for employees called Louisa, was funded and owned by the New York-based investment bank until a few […]
Read More
Jamie Dimon warns stress will overtake marketplaces as U.S. strategies debt default
Critical Details JPMorgan Chase CEO Jamie Dimon mentioned Thursday that marketplaces will be gripped by stress as the U.S. strategies a possible default on its sovereign personal debt. “The nearer you get to it, you will have stress” in the sort of inventory sector volatility and upheaval in Treasuries, he explained. These types of an […]
Read More
Warren Buffett says American banking companies could experience extra turbulence ahead, but deposits are harmless
Vital Points Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for perplexing the public about the basic safety of U.S. financial institutions and said that ailments could worsen. Buffett, when requested about the modern tumult that led to the collapse of 3 mid-sized institutions because March, released into a lengthy […]
Read More
Warren Buffett says letting Silicon Valley Financial institution buyers go under would’ve been ‘catastrophic’
Shareholders watch Warren Buffett and Charlie Munger from the overflow room during the Berkshire Hathaway yearly meeting on Saturday, Might 6, 2023, in Omaha, Neb. Rebecca H. Gratz | AP Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a economical disaster by building guaranteed that Silicon Valley Lender buyers failed to drop income in the firm’s […]
Read More
The market is looking for the next ‘domino’ to fall, keeping banks under pressure
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst Christopher McGratty was looking forward to some calm. So early Tuesday, more than 24 hours after U.S. regulators seized First […]
Read More
Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs
The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters As Wall Street’s slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley, Bank of America and Citigroup have turned to job cuts in recent weeks. Morgan Stanley plans to eliminate roughly 3,000 positions by the end […]
Read More
Jamie Dimon: ‘This part of the disaster is over’ right after JPMorgan Chase acquires First Republic
Jamie Dimon, chairman and main executive officer of JPMorgan Chase & Co., all through a Bloomberg Television interview at the JPMorgan World-wide Significant Yield and Leveraged Finance Convention in Miami, Florida, US, on Monday, March 6, 2023. Marco Bello | Bloomberg | Getty Illustrations or photos The disaster that led to the downfall of 3 […]
Read More