DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Jamie Dimon - 1 JPMorgan Chase - 1 Wells - 1 Mike Mayo - 1 Michael Barr - 1 Blackstone - 1 Dimon - 1 Apollo didn't - 1
Top related locs:
Wells Fargo Silicon Basel
Top related orgs:
JPMorgan - 1 Banking - 1 Housing - 1 Urban Affairs Committee - 1 Nations Largest Banks - 1 Federal - 1 Silicon Valley Bank - 1

Search resuls for: "Nations Largest Banks"


6 mentions found


☆ Dimon says private equity giants are 'dancing in the streets' over tougher bank rules
  + stars: | 2023-07-14 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. "This is great news for hedge funds, private equity, private credit, Apollo , Blackstone ," Dimon said, naming two of the largest private equity players. Banks face requirements to hold more capital as a cushion against risky activities from both U.S. and international regulators. Authorities are proposing higher capital requirements for banks with at least $100 billion in assets after the sudden collapse of Silicon Valley Bank in March. But that also coincides with a long-awaited set of international rules spurred by the 2008 financial crisis referred to as the Basel III endgame.
Persons: Jamie Dimon, JPMorgan Chase, Wells, Mike Mayo, Michael Barr, Blackstone, Dimon, Apollo didn't, Banks Organizations: JPMorgan, Banking, Housing, Urban Affairs Committee, Nations Largest Banks, Federal, Silicon Valley Bank Locations: Wells Fargo, Silicon, Basel
☆ Jamie Dimon says it's ‘unlikely’ that JPMorgan Chase will acquire another struggling bank
  + stars: | 2023-05-16 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. JPMorgan Chase CEO Jamie Dimon said Tuesday that it's not likely his bank would acquire another struggling lender after its government-brokered acquisition of First Republic. "Unlikely," was Dimon's curt response to a shareholder who asked about acquisitions during the New York-based bank's annual shareholder meeting. The turmoil in mid-sized banks sparked by the Silicon Valley Bank collapse in March shows that merely meeting regulatory requirements isn't enough, Dimon added. Dimon spoke on the same day that former Silicon Valley Bank CEO Gregory Becker and two ex-Signature Bank executives testified before the Senate.
☆ JPMorgan Chase CEO Jamie Dimon depositions set in Jeffrey Epstein sex trafficking lawsuits
  + stars: | 2023-04-18 | by ( Dan Mangan | ) www.cnbc.com   time to read: +2 min
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. JPMorgan Chase CEO Jamie Dimon can be questioned under oath for up to seven hours over two days in depositions for federal lawsuits accusing his bank of complicity in sex trafficking by its late client Jeffrey Epstein, a judge said Tuesday. The JPMorgan CEO can be deposed separately for up to two hours by lawyers for Jes Staley, former chief of investment banking at JPMorgan, Rakoff said, according to a court docket entry. The judge said he might permit the depositions to go beyond the time he has initially set aside. JPMorgan has argued that Staley, and not the bank, is legally responsible for the suits related to Epstein.
☆ JPMorgan Chase is set to report fourth-quarter earnings — here's what the Street expects
  + stars: | 2023-01-13 | by ( Hugh Son | ) www.cnbc.com   time to read: +2 min
JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here's what Wall Street expects:Earnings: $3.07 per share, 7.9% lower than a year earlier, according to Refinitiv. Investment banking revenue is expected to plunge 50% in the wake of frozen IPO markets and subdued deals, Barclays analyst Jason Goldberg said in a Jan. 11 note. Of greater interest, perhaps, is what JPMorgan CEO Jamie Dimon says about the economy. The other large retail banks, including Bank of America , Wells Fargo and Citigroup , are also scheduled to release results Friday, while Goldman Sachs and Morgan Stanley report Tuesday.
☆ ‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
  + stars: | 2022-12-07 | by ( Hugh Son | ) www.cnbc.com   time to read: +2 min
After two years of pandemic-fueled, double-digit growth in Bank of America card volume, "the rate of growth is slowing," CEO Brian Moynihan said Tuesday at a financial conference. It was a similar story at rival Wells Fargo , according to CEO Charlie Scharf, who cited shrinking growth in credit-card spending and roughly flat debit card transaction volumes. Fortified by pandemic stimulus checks, wage gains and low unemployment, American consumers have supported the economy, but that appears to be changing. "There is a slowdown happening, there's no question about it," Scharf said. Bank of America's Moynihan said he expects three quarters of negative growth next year followed by a slight uptick in the fourth quarter.
☆ JPMorgan Chase tops analysts’ estimates for third-quarter profit on gains from interest income
  + stars: | 2022-10-14 | by ( Hugh Son | ) www.cnbc.com   time to read: +3 min
JPMorgan Chase on Friday posted third-quarter results that topped analysts' estimates for profit and revenue as the firm reaped more than expected in interest income. Revenue: $33.49 billion, vs. $32.1 billion estimate. The bank said net interest income surged 34% in the quarter to $17.6 billion, thanks to higher interest rates and an expanding book of loans. JPMorgan, the biggest U.S. bank by assets, will be watched closely for clues on how banks are navigating a confusing environment. Rising interest rates mean that banks' core lending activity is becoming more profitable.
0 next >>
Total: 6