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u.s. business
Big bank CEOs face second day of questioning from U.S. lawmakers
(L-R) Charles Scharf, CEO and President of Wells Fargo, Brian Thomas Moynihan, Chairman and CEO of Bank of America, Jamie Dimon, Chairman and CEO of JPMorgan Chase, and Jane Fraser, CEO of Citigroup, are sworn in as they prepare to testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nation's Largest Banks, on Capitol Hill in Washington, DC, September 22, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
u.s. business
Bank CEOs warn of ‘daunting’ challenges from inflation
WASHINGTON, DC - SEPTEMBER 21: (L-R) Chairman, President, and CEO of U.S. Bancorp Andy Cecere, Chairman, President, and CEO of The PNC Financial Services Group William Demchak, Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon, CEO of Citigroup Jane Fraser, Chairman and CEO of Bank of America Brian Moynihan, Chairman and CEO of Truist Financial Corporation William Rogers Jr., and President and CEO of Wells Fargo & Company Charles Scharf are sworn in during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. The committee held a hearing on “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” (Photo by Alex Wong/Getty Images)
investment ideas
U.S. bank sector rallies after passing stress test, Bank of America underperforms
A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive.
european business
Britain likely to face recession in the next two years, J.P.Morgan economists say
FILE PHOTO: A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo
u.s. business
CEOs who run S&P 500 companies pay up 17% as profits, stocks soar; workers fall behind
This combination photo shows the highest paid male and female CEOs in the S&P 500 index for 2021, as calculated by The Associated Press and Equilar, an executive data firm. Top row, from left, Bill McDermott of ServiceNow, Mary Barra of General Motors, Tim Cook of Apple, Adena Friedman of Nasdaq, and David Zaslav of Warner Bros. Discovery. Bottom row, from left, Kathy Warden of Northrop Grumman, Jamie Dimon of JPMorgan Chase, Lisa Su of Advanced Micro Devices, Phebe Novakovic of General Dynamics, and Peter Kern of Expedia Group. The median pay package for the CEOs of the biggest U.S. companies rose 17.1% in 2021 as the economy rebounded and company profits and stock prices jumped. (AP Photo)
u.s. business
Is JPMorgan slipping? Analysts will be asking CEO Jamie Dimon at conference
FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, speaks about investing in Detroit during a panel discussion at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018. REUTERS/Brian Snyder/File Photo
u.s. business
JPMorgan to resume hiring unvaccinated individuals, drop COVID-19 mask mandate: memo
(FILES) In this file photo taken on April 17, 2019, the JPMorgan Chase & Co. World headquarters in New York City. - JPMorgan Chase reported a dip in fourth-quarter profits on January 14, 2022, as higher costs for employee compensation offset a benefit from an improving economy that has reduced reserves in case of defaults. Earnings came in at $10.4 billion, down 14 percent from the year-ago period. The results included $1.8 billion in net reserve releases from funds that were set aside earlier in the pandemic in case of bad loans. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
analysis
Markets test how far to price in an economic boom
(FILES) In this file photo JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for mega banks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. - The US economy is poised for torrid near-term growth following huge stimulus spending, but faces challenges over creaky infrastructure and other woes, JPMorgan Chase Chief Executive Jamie Dimon said on April 7, 2021. Pointing to huge deficit spending in the United States and the lift from Covid-19 vaccinations, Dimon said he has "little doubt" the "US economy will likely boom," according to a shareholder letter. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
advisor mutual funds
Global asset managers rush to shore up portfolios against inflation
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo
number cruncher
Six dividends for investors that benefit from cryptocurrencies and blockchain
For Number Cruncher column in Globe Investor/ROB only.
u.s. business
JPMorgan Chase to pay $250-million for failings in asset, wealth business
JP Morgan Chase & Co office in New York.
analysis
Market zeitgeist turns toward cyclical stocks
Waiting in line and voting.
u.s. business
JPMorgan pushes payment fraud protection for small business customers
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo
u.s. business
JPMorgan Chase says some customers, employees misused COVID-19 programs
(FILES) In this file photo taken on April 17, 2019 the JPMorgan Chase & Co. World headquarters are pictured in New York City. - US financial behemoth JPMorgan Chase said September 8, 2020, it was working with authorities after learning of unethical conduct by customers and employees connected to huge government pandemic relief programs. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
u.s. business
As big U.S. banks let customers delay payments, loan losses remain unclear
FILE PHOTO: A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. REUTERS/File Photo
opinion
COVID-19 is strengthening the hand of ESG investors
Billy Nauman
u.s. business
JPMorgan Chase developing plan to return employees to work in phases
FILE PHOTO: People walk by the JP Morgan & Chase Co. building in New York in an October 24, 2013 file photo. REUTERS/Eric Thayer
u.s. business
Dimon says JPMorgan may suspend 2020 dividend over coronavirus crisis
FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon
u.s. business
JPMorgan Chase to pay ‘front line employees’ a one-time $1,000 bonus, memo says
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters, in New York, in a May 20, 2015, file photo.
report on business
RBC to split global trading staff as coronavirus prevention measure
The RBC Royal Bank of Canada logo is seen in Halifax on April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
international business
JPMorgan CEO Jamie Dimon had emergency heart surgery: memo
JPMorgan Chase CEO Jamie Dimon, is seen at North America's Building Trades Unions (NABTU) 2019 legislative conference in Wash., on April 9, 2019.
featured reports
Full transcript of I’ll Go First interview with John Paul Morgan
u.s. business
U.S. bank executives offer cautious optimism heading into 2020
FILE PHOTO: A sign is seen outside the headquarters of JP Morgan Chase & Co in New York, United States, September 19, 2013. REUTERS/Mike Segar/File Photo
streetwise newsletter
Streetwise newsletter: HomeEquity Bank completes Canada’s first sale of a reverse-mortgage portfolio
A group of Yukon First Nation leaders are meeting with bankers today in Toronto to try and convince them not to invest in energy development on the range of a vital caribou herd. Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
business briefing
The Canadian dollar in 2020: ‘From good to bad, but not quite ugly'
Michael Babad
u.s. business
JPMorgan lowers interest-income outlook, following similar moves by Wells Fargo, Citigroup
FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon/File photo
opinion
Why America’s CEOs have turned against shareholders
Katharina Pistor
u.s. business
Shareholder value is no longer everything, top CEOs say
JPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon/File Photo
u.s. business
Chase Bank to cancel all credit card debt of Canadian customers
This Nov. 29, 2018, photo shows a Chase bank location in Philadelphia.
globe investor
U.S. bank shares jump as capital plans pass Fed stress tests
FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid
u.s. business
JPMorgan cuts ties with OxyContin maker Purdue Pharma, sources say
Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah, on April 25, 2017.
u.s. business
JPMorgan shareholders approve executive pay, fewer votes than last year
A J.P. Morgan logo is seen in New York, on Jan. 10, 2017.
streetwise
Drop in trading revenues at U.S. investment banks doesn’t bode well for Canadian peers
In this April 24, 2018, file photo, a Citibank sign is shown outside one of the bank's branch offices in New York.