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Why JP Morgan’s Jamie Dimon thinks CEOs make bad presidents
In a Meet the Press interview on Sunday, host Chuck Todd asked JPMorgan CEO Jamie Dimon whether a CEO would make a good president. Given that one CEO, Donald Trump, stands atop the Republican polls,...
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Why JPMorgan Keeping Its Bonus Pool Unchanged Is Good News
JPMorgan‘s 2015 bonus pool, the money set aside for incentive pay, is expected to be the same as it was in 2014. Though seemingly uneventful, this reflects that JPMorgan, the world’s largest investment...
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Why Two Former JPMorgan Chase Bankers Were Just Indicted
This article has been updated to include comment from JPMorgan Chase. Two former JPMorgan Chase personal bankers have been indicted for stealing almost half a million dollars from accounts held by...
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These Stock Market-Battered Execs Just Became Ex-Billionaires
The billionaire club just got more exclusive. As U.S. stocks have taken a hammering this year, a score of American executives have lost the coveted three comma title, the New York Post reports, citing...
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Jamie Dimon and U.S. Retail Sales—5 Things to Know for the Day Ahead
Hello friends and Fortune readers. Wall Street stock futures are bouncing this morning after news of a tentative ceasefire agreement in Syria, some solid German GDP data and partly reassuring corporate...
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What It Will Take for Big Banks To Heal Their Toxic Cultures
Judging by the continued interest in Hillary Clinton's speeches to Wall Street, we have certainly not forgotten the role of the bank behemoths in the last financial crisis and the industry’s ongoing...
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JPMorgan Says its Energy Sector Losses Could Reach $3 billion
The drop in oil prices could drain billions of dollars of earnings from the nation’s largest bank. On Tuesday, JPMorgan Chase said losses on loans made to energy companies could cost the bank as much...
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Why Big Investors Are Finally Pulling Their Money Out of Hedge Funds
If you’re a hedge fund investor, chances are you’ve had a lot of bad news lately. Hedge funds delivered their worst performance in years in 2015--with onetime industry kings David Einhorn and Bill...
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J.P. Morgan’s Bank for the Rich Is Cutting About 100 Jobs
J.P. Morgan’s jpm private bank is reportedly slashing about 100 jobs as the unit itself shifts focus to a more condensed group of ultra-high-net-worth clients. The cuts will affect employees in several...
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Jamie Dimon Says a Brexit Could Cost J.P. Morgan 4,000 Jobs
A potential U.K. exit from the European Union could cause 4,000 Britain-based J.P. Morgan employees to lose their jobs. That’s according to the investment banking giant’s CEO, Jamie Dimon, who spoke to...
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J.P. Morgan Is Bringing Some Fintech Startups In-House
Dear fintech hopefuls: Button up. You might be sitting next to a J.P. Morgan jpm banker soon. The New York-based investment banking giant announced an “in-residence” program for fintechs (startups...
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Here’s the Big Surprise in J.P. Morgan’s Better Than Expected Earnings
Jamie Dimon has something to dance about. J.P. Morgan’s earning rose 24% in the second quarter of 2016 from the quarter before. That was better than analysts were expecting. The bank’s revenue from its...
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JPMorgan Is Pulling Chase ATMs from Walgreens Stores
A decade after JPMorgan Chase jpm said with great fanfare that it would make life easier for customers by putting its cash machines into Duane Reade drug stores in New York City and Walgreens stores in...
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J.P. Morgan Chase’s Profit Declines on Tax Expense
J.P. Morgan Chase jpm , the biggest U.S. bank by assets, reported a 7.6% drop in quarterly profit after recording a tax expense, compared with a rare tax benefit a year earlier. The bank’s net income...
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J.P. Morgan in Talks to Exit China Securities Joint Venture
J.P. Morgan might sell out of its Chinese securities joint venture amid higher competition for stock and bond underwritings and sales. The news came today in a filing by its partner First Capital...
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Big Banks Take Aim at Venmo with a New Payment Network
By the end of December some U.S. bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry...
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Trump Expected to Name This Former Wall Street Banker For Treasury
President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, a source said on Tuesday, putting a Wall...
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American in Russia to Return to Face U.S. Charges in J.P. Morgan Hacking Case
An American citizen is expected to arrive from Russia on Wednesday to face U.S. charges that he helped orchestrate a massive computer hacking and fraud scheme that included an attack against J.P....
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Indonesia Penalizes J.P. Morgan for Rating Its Bonds ‘Underweight’
Indonesia has penalized J.P. Morgan Chase & Co jpm after the investment bank’s research arm recommended a smaller exposure to the country’s sovereign bonds, a senior finance ministry official said...
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Bitcoin Exchange Employee Pleads Guilty in Case Tied to Hacking
A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack...
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