JPMORGAN CHASE CHAIRMAN AND CEO
JPMorgan Q2 Results: Profit jumps 25% to record, fuelled by investment banking
A surge in debt and equity offerings, alongside increased takeover deals, fueled by growing confidence in the U.S. economy, has significantly boosted Wall Street banks' income. Investment banking revenue alone jumped 46% to $2.5 billion, surpassing earlier forecasts.
Why Indian IT companies are moving into New Jersey
Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a majority of New Jersey’s immigrant population hails from India.
Satya Nadella, Sundar Pichai hail India's historic T20 World Cup victory
Tech honchos Satya Nadella, Sundar Pichai, and others hailed India's historic win over South Africa in a nerve-wrenching final of the ICC T20 World Cup at the Kensington Oval in Barbados on Saturday.
JPMorgan India bank CEO Singh quits before end of term
Prabdev Singh, CEO of JPMorgan Chase Bank in India, has stepped down prematurely from his three-year term. Pranav Chawda, currently heading commercial banking, will expand his role to lead India Corporate Banking. Singh, known as PD, joined JPMorgan in 2010 after a decade at HSBC. JPMorgan has operated in India since 1922, with four branches nationwide.
JPMorgan to grow India headcount by 5%-7% for next few years, senior exec says
According to a senior executive, JPMorgan Chase intends to increase its workforce in India by 5%-7% annually over the coming years. This move comes as the Wall Street giant intensifies its focus on one of the most competitive talent markets worldwide to bolster its support for international operations. Currently, the New York-based bank employs approximately 55,000 individuals across five Indian cities, constituting about a fifth of its global workforce.
U.S. regulators reconsider capital hike for big banks, WSJ reports
The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase's Jamie Dimon, the Wall Street Journal reported on Sunday.
In another 10 years, India would save $5-6 trillion every year, give birth to Morgan Stanley, Merrill Lynch and JPMorgans: Raamdeo Agrawal
Raamdeo Agrawal envisions a transformative journey for India's economy, with a surge in savings fueling the emergence of major financial institutions and driving growth across various sectors, including autos and capital markets.
"Modi has done an unbelievable job": JPMorgan CEO Dimon heaps praise on Indian PM
JPMorgan Chase's Jamie Dimon lauds Indian PM Narendra Modi for lifting millions out of poverty. Modi's tenure, spanning a decade with BJP/NDA coalition, sees India's economic growth. Amid ongoing elections, Modi aims for a third term, eyeing 400 seats. Plans to propel India to third-largest economy by 2030 are highlighted.
JPMorgan Q1 Results: Profit rises 6% even as interest income forecast falls short of predictions
JPMorgan Chase's profit rose 6% in the first quarter, although its shares dropped after the bank's forecast for its income from interest payments came in below analysts' expectations.
JPMorgan's Dimon warns inflation, political polarisation, wars creating risks not seen since WWII
JPMorgan Chase CEO Jamie Dimon expressed concerns about geopolitical events such as the war in Ukraine and US political polarization potentially creating risks that could exceed those seen since World War II. He emphasized the importance of unity, democracy, and addressing economic challenges like deficit spending and inflation.
JPMorgan CEO Jamie Dimon warns US recession 'not off the table' yet
“The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via video link at the Australian Financial Review Business Summit in Sydney on Tuesday. “I think the chance of a soft landing in the next year or two is half that. The worst case would be stagflation.”
Citigroup's new big hire is a no nonsense, hard-charging dealmaker
Viswas Raghavan, a competitive and ambitious dealmaker, has been hired by Citigroup CEO Jane Fraser to lead the struggling Wall Street operation. Raghavan will oversee the advisory, capital markets, corporate, and commercial banking businesses amid a decline in revenues and dealmaking.
Citi hires Viswas Raghavan from JPMorgan as head of banking, CEO says in memo
Citigroup has appointed Viswas Raghavan from JPMorgan Chase as its new head of banking. Raghavan, who most recently served as JPMorgan's head of global investment banking, is expected to join Citigroup in the summer. The move comes as Citigroup undergoes its largest reorganization in decades and plans to reduce headcount by 20,000 in the next two years.
JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says
Dimon and his family intend to sell 1 million of their 8.6 million shares, the bank had said in a filing last October. Dimon, one of the longest serving chief executives on Wall Street, has sold off 821,778 shares of the bank so far.
JPMorgan shuffles top bosses as Wall Street focuses on Dimon succession
Dimon's succession plans have long been the subject of speculation. In May, he signaled he could depart in 3-1/2 years. During his 18 years at the helm, several executives who were viewed as potential successors left to run other companies as Dimon stayed longer than expected.
This billionaire CEO feels that people 'didn't work as hard' when they were remote during Covid-19 pandemic
Blackstone CEO Stephen Schwarzman feels that people got used to staying at home during the pandemic.
JPMorgan profit jumps 35%, but CEO says geopolitics and gov't inaction have led to 'dangerous time'
In a call with reporters, Dimon said he was in regular contact with his major competitors on Wall Street regarding the geopolitical and economic situation.
What are global firms with presence in Israel doing after Hamas attacks
Global companies with a presence in Israel have made adjustments to their operations due to the ongoing military clashes between Israel and Hamas. Airlines have suspended direct flights to Tel Aviv, oil major Chevron has shut down a natural gas field, JPMorgan Chase and Goldman Sachs have asked employees to work from home.
JPMorgan CEO Jamie Dimon says regulators are likely to overreact to banking turmoil
“I think it's going to get worse for banks -- more regulations, more rules, and more requirements,’’ JPMorgan Chase & Co.’s chief executive officer said in a Bloomberg Television interview from Paris Thursday. “If you overdo certain rules, requirements, regulations -- there are some of these community banks that tell me they have more compliance people than loan officers.’’
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