In the latest example of just how strong America’s double-adjusted economic ‘recovery’ truly is, JP Morgan is set to layoff some 5,000 employees. JPM EXPECTED TO LAY OFF MORE THAN 5,000 BY NEXT YEAR: WSJ The cuts, which will amount to...Show More Summary
The bank has reportedly begun a round of cuts that will ax 5,000 employees.
Layoffs at US financial giant could exceed 5,000 by next year, around 2% of its workforce.
As you’ve no doubt heard, the Europe Commision is proposing rules that would make multinational companies pay taxes in all countries in which they generate profit, something that could affect the tax status of tech outfits such as Apple (AAPL) and Google (GOOGL), whose operations consolidating profit through Ireland, for example, have drawn scrutiny. Show More Summary
Join us on a trip down memory lane.
Any money the banks are making now should apparently be earmarked for future payouts to regulators, of which there will be many.
Yesterday, Attorney General Loretta Lynch made the unprecedented announcement that five of the world’s largest banks – JP Morgan, Citi, Barclay’s, RBS, and UBS – would be pleading guilty to criminal charges. According to the allegations,...Show More Summary
FireEye has been called in to investigate attacks against Target, JP Morgan Chase, Sony Pictures, Anthem and others.
J.P. Morgan’s Doug Anmuth today reiterates an Overweight rating on shares of Twitter (TWTR), after hosting a “fireside chat” with CFO Anthony Noto at the bank’s Tech, Media, and Telecom conference in Boston. Anmuth offers up some of his key observations in a note to clients. One important point, writes Anmuth, is that Noto, who was once [...]
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Americans aren't saving enough money (Bloomberg) A new report from JP Morgan Chase & Co. says most Americans do not have enough money saved up in case of an emergency. Show More Summary
As promised, the Justice Department has extracted guilty pleas in FX rigging cases involving JP Morgan, Citi, RBS, and Barclays and as we said twice last week and once this morning, the banks received waivers which ensured that none of the penalties that should rightfully be associated with those pleas will actually apply to the banks. Show More Summary
Back on April 18 in “China Sees Largest Capital Outflow In Three Years,” we noted that according to JP Morgan estimates, China saw its fourth consecutive quarter of capital outflows in Q1, bringing the total over the last 12 months to some $300 billion. Show More Summary
They're still gonna pay him, but 38.6 of 'em aren't gonna like it.
Topline numbers on market size and growth always steal the show when JP Morgan and the GIIN release findings from their annual survey of impact investors. However the survey also provides an invaluable progress report on the scaffolding that makes impact investing possible, by asking about key challenges to the growth of the industry. Show More Summary
JP Morgan sets 12-month target of $2.95, Citi initiates coverage with 'buy' rating.
Shares of chip maker Linear Technology (LLTC) are up 80 cents, or 1.8%, at $46.87, on a couple of positive Street notes today. J.P. Morgan’s Harlan Sur raises his rating on the stock to Neutral from Underweight, and raised his price target to $48 from $40, after concluding the company has favorable “exposure” to the markets [...]
I previously wrote a short piece on the Apple story. But Brian suggested a follow up and I think it needs further development, based on stories elsewhere. Rod Hall, a senior analyst with JP Morgan, and a bit of a tech celebrity, thinks that the possible tax hit is not a problem. He is talking more...
Silver Bullion Buying Outstripping Supply on Solar Energy Demand - Silver one of most undervalued assets in world today- Fundamentals for silver market very strong- Total demand for silver outweighed demand by almost 22% last year- Industrial...Show More Summary
JP Morgan analysts say Federal Budget should help lift ASX-listed healthcare firms.
Mike Cavanaugh, co-president of private equity giant the Carlyle Group, is coming on board at Comcast as CFO. Prior to his stint at Carlyle, Cavanaugh had spent six years as CFO of JP Morgan and had at one point been viewed as a potential successor to CEO Jamie Dimon. Show More Summary