Displaying 452 results
SEC pries into over 100 traders’, bankers’ phones in texting probe
The agency has been sending firms lists of key positions including heads of certain investment banking teams or trading desks.
Smarsh acquires tech to help firms monitor messaging apps
The Telemessage technology, combined with existing services from Smarsh, will assist in the ongoing struggle to monitor private messaging apps used by employees at financial services firms.
Broker-dealers face risks aplenty, regulators warn
Firms should be watching out for employees chatting on WhatsApp, as well as brokers in need of heightened supervision and complex products being sold to retail customers.
Dimon pay should be rejected by JPMorgan investors, proxy adviser says
Glass Lewis & Co. cited a 'disconnect' between the CEO's pay and the bank's performance; it's particularly concerned about the $52.6 billion in options awarded to Dimon in 2022.
Jamie Dimon says Fed should have raised rates sooner
JPMorgan CEO says a bigger risk to the global economy is the war in Ukraine as it signals the ‘Cold War is back.'
Billion-dollar adviser accuses JPMorgan of misogyny
Gwen Campbell says in a complaint filed with the EEOC that she was subjected to 'name-calling' and 'sexist decrees' when she joined JPMorgan in 2020.
Into the metaverse
Financial services firms are hanging out their shingles in the burgeoning world of virtual societies, hoping to attract a new breed of digitally native customers.
JPMorgan Q1 results marred by $524 million loss tied to Ukraine
JPMorgan’s fixed-income traders pulled in $5.7 billion in the first three months of the year, crushing analysts’ estimates by $1 billion.
JPMorgan says be ready for 40% commodities rally in market shift
Commodities could head into record territory should investors boost their allocation to raw materials at a time of rising inflation.
JPMorgan agrees to racial-equity audit for $30 billion effort
The biggest U.S. bank will hire a third party to perform the audit and publish a report on the results by the end of this year.
Messaging apps take on Wall Street
The latest apps like WhatsApp and emailing platforms like Gmail are beginning to play an oversized role in adviser communications, a trend that could increase as more clients choose to communicate via their smartphones.
Morgan Stanley CEO says workers staying despite office push
CEO James Gorman says the firm has seen relatively few departures in the wake of the pandemic. In contrast, he says the bank received about 500,000 job applications last year.
SEC officials urge firms to update compliance to cope with emerging technologies
The leaders of the agency's enforcement division talk about the message the SEC sent with a $125 million penalty for JPMorgan's failure to preserve text messages.
JPMorgan agrees to take 49% Viva Wallet stake in fintech deal
European payments landscape is big growth area, exec says.
Goldman backtracks on return-to-office as omicron surges
Other banks that have revised their staffing strategies and eased off mandates to return to the office amid the jump in infections include JPMorgan, Citibank, Bank of America and Jefferies.
JPMorgan adviser loses ruling in client-poaching case
A judge denied Gwen Campbell's request to temporarily bar fellow bankers at JPMorgan from soliciting business from clients she brought with her from BofA, clients who reportedly include former New York Yankees star Alex Rodriguez.
Dimon boosts JPMorgan wealth advisers’ pay from Windsor Castle
The overhauled compensation structure is tied to revenue production and features a length-of-service award for high performers with additional revenue, which will be paid in restricted stock units.
JPMorgan bankers notch record quarter for M&A
Fees from advising on deals almost tripled in the third quarter, crushing analysts’ estimates and helping to push the bank’s net income to $11.7 billion.
JPMorgan joins Net-Zero Banking Alliance
The bank signed a pledge to align its lending and investment portfolios with net-zero emissions by 2050, joining a group of more than 40 rival financial firms.
JPMorgan buys college financial-planning platform Frank
The platform offers a streamlined financial aid application process as well as online courses. The bank said the acquisition will help it build relationships with college students.
