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Fortnite/Epic Games JPMorgan Chase co-president Gordon Smith said the bank is having no trouble competing for top tech talent to fuel its $ 10.8 billion digital ambitions. Smith said a number of software developers the bank has hired come from the video game world. How does JPMorgan get programmers to ditch Fortnite for mobile banking? […]
A total of 15 foreign lenders are protesting against a new plan proposed by the Russian central bank to reduce the amount of cash they can move abroad from their units located in Russia. Russian subsidiaries of banking majors, including Goldman Sachs, Citigroup, Raiffeisen, JPMorgan, Deutsche Bank and HSBC Holdings, have voiced their objections to […]
REUTERS/Ralph Orlowski Deutsche Bank shares popped 5% on Friday morning after a German business magazine said JPMorgan and the Industrial and Commercial Bank of China could be interested in taking a stake. JPMorgan has officially denied the story. LONDON — JPMorgan on Friday denied it had any plans to take a stake in Deutsche Bank […]
Brendan McDermid/Reuters JPMorgan’s most senior women sent a signed letter to Stacey Cunningham, the incoming president of the New York Stock Exchange, in appreciation of her career. Cunningham will become the first woman to run the exchange when she succeeds Thomas Farley later this week. From the leaders of one historic Wall Street institution to […]
Getty Direct primary care is a small but fast-growing movement of doctors who don’t accept insurance and instead charge a monthly membership fee. At a time when many are feeling pressure from high healthcare costs, direct primary-care models can be a cheaper alternative that offers perks like quick access to doctors and sometimes wholesale prices […]
Thomson Reuters Stock research firms are getting battered so far in 2018, with revenues declining substantially. Part of the blame is new European regulatory reform, which were widely expected to constrict research budgets. But JPMorgan Chase deserves some of the blame as well for conducting a multi-front attack on sell-side research industry that “pulled a […]
Reuters JPMorgan says a tried-and-true strategy that has supported the almost nine-year bull market is showing signs of fading. The firm is particularly troubled about a lack of liquidity, which it says is making investors less nimble and exacerbating market moves. For most of the almost nine-year stock bull market, investors have viewed weak stretches […]
Cryptocurrencies don’t stand a chance at usurping national currencies, according to JPMorgan. That’s because they fail to meet the major criteria of a currency. Even if they did, the network effect of major currencies is too strong. You might have heard this before. Cryptocurrencies are a bad store of value and a bad unit of […]
Amazon, JPMorgan Chase, and Berkshire Hathaway announced on Tuesday that they intend to form a new company that manages health care for their hundreds of thousands of U.S. employees, the idea being that a unified, not-for-profit entity can reduce workers’ expenses. The surprising trio of the nation’s largest online retailer, largest bank by assets, and […]
REUTERS/Lucas Jackson Amazon, Berkshire Hathaway, and JPMorgan are teaming up to try to make healthcare more affordable for their US-based employees. Insurance stocks like UnitedHealthcare, Cigna, Anthem and others are deeply in the red early Tuesday after the news hit. Shares of insurance providers, benefits managers, pharmacies and other healthcare cimoabues are getting smoked in […]
