President Donald Trump‘s reciprocal tariffs and retaliatory moves the EU and China have plunged the world into an internecine trade war, sending tremors through markets as well as worrying businesses, consumers and governments. Trump dubbed April 2, the day he announced the reciprocal tariffs as “Liberation Day”, promising short-term pain but long-term gain for the … Read more
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year, the lenders reported Friday. The largest bank in the nation, JPMorgan Chase & Co., led the way with $14.5 billion in profit, helped by growth virtually across the … Read more
JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to hire some bankers. “We regularly review our business and customer needs and adjust our staffing accordingly – creating new roles where we see the need or reducing positions … Read more
(This story originally appeared in on Sep 22, 2021) JPMorgan’s longest serving CEO Jamie Dimon is a regular visitor to India where his firm has 40,000 employees, most of them doing global work. Since the pandemic, he is back on the road and has made a couple of trips to Europe and is hoping to … Read more
Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card. New York-based Morgan Stanley said this week that all employees will be required to attest to their vaccination status. Those who are not vaccinated will be required to work remotely, which … Read more
NEW YORK- JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will not get a raise in his annual pay and will receive $31.5 million for his work in 2020, the bank said on Thursday. Dimon’s total compensation will include the same annual base salary of $1.5 million and a performance-based incentive of $30 million, … Read more