JPMorgan Chase

What Happened: BlackRock Inc. (NYSE: BLK), the New York-based asset management firm gets the nod from the regulators to initiate its mutual-fund business operations in China, WSJ reported. Chinese Banking and Insurance Regulatory Commission (CBIRC) approved the joint application of Blackrock and...

JPMorgan Chase & Co (NYSE: JPM) and Commonwealth, a financial security nonprofit, formally announced a two-year initiative to address the challenges and opportunities emerging technologies present to people of lower- and moderate-income. What Happened? COVID-19 disrupted finance and accelerated...

JPMorgan Chase & Co. (NYSE: JPM) has named Filippo Gori to be its new Asia Pacific (APAC) CEO. What Happened Gori will head strategy and operations in 17 markets in the APAC region. He will retain his present positions as head of banking in Asia Pacific and as the Hong Kong chief executive,...

JPMorgan Chase & Co. (NYSE: JPM) will stop giving out direct loans for fossil fuel extraction projects in the Arctic, the company announced Monday. What Happened The New York-based banking giant would also stop giving out loans to companies who make the majority of their revenues from coal, the...

Investment bank JPMorgan Chase & Co. (NYSE: JPM) is cutting about 1% of all its staff in the consumer unit to reduce costs, Bloomberg reported Tuesday. What Happened Bloomberg didn't provide the exact number of employees at risk of losing their jobs but said the number would be in...

The Chief Executive Officer of JPMorgan Chase & Co. (NYSE: JPM), Jamie Dimon is getting a 1.6% raise to $31.5, following the bank’s record earnings in 2019, according to Bloomberg. What Happened Dimon's package includes $25 million in stock compensation, $1.5 million in salary, and a...

Investment banking giant Goldman Sachs Group Inc. (NYSE: GS) will not serve as an underwriter for any company's initial public offering that doesn't have at least one "diverse" member on its board. What Happened "Starting on July [1] in the [United States] and Europe, we'...

A recent report by JPMorgan Chase & Co (NYSE: JPM) sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained and hint at a market that is on the verge of any sort of spike in prices. In an exhaustive 100-plus-page report published by the team led by...

This week, it gets real. Real in the sense that investors will finally have something solid to trade on and not just the latest back and forth around trade talks with China—like the one that helped spike stocks on Friday and now has them looking softer (see more below). The backbone of the...

Investors are increasingly looking at potential investments and analyzing the environmental impact of an investment and that will make capital flow to the companies "that are doing the right things," said Andrian Roman Dacy, the Chief Investment Officer of J.P. Morgan Chase & Co (NYSE: JPM), on...

Earnings season started with a bang early Friday as two major U.S. banks shared Q1 results and the market reacted positively. Big beats from JPMorgan Chase & Co (NYSE: JPM) and Wells Fargo & Co (NYSE: WFC) really help set a positive tone for earnings overall. JPMorgan Chase earned...

Lower trading volume. Falling mortgage rates. An inverted Treasury yield curve. A slowing U.S. and global economy. The odds seem pretty stacked against big banks on multiple fronts as earnings season starts tomorrow. Making things even more challenging, many U.S. big banks enter Q1 reporting time...

An $11 trillion opportunity for venture capital funding exists in plain sight, according to Startup Angels CEO Leslie Jump — and she has a new fintech platform designed to make the connection. The venture capital space in 2016 totaled about $100 billion, Jump told Benzinga. Her Washington D.C...