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Banks making cheap loans to the ultra-rich
Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.
JPMorgan to double advisers in broker unit
The bank is planning to hire more than 500 advisers in its traditional brokerage business in coming years, bringing the total in that unit to 1,000.
JPMorgan Chase to buy UK robo-adviser Nutmeg
The acquisition, subject to regulatory approvals, is meant to complement the launch of Chase as a digital bank in the UK later this year. Nutmeg manages more than $4.9 billion in assets.
JPMorgan hires from Goldman, Wells for growth-equity effort
The new venture aims to give JPMorgan's clients exposure to companies before they go public.
JPMorgan $1B brother-sister team leaves to start own firm
Christian Habitz and Sarah Damsgaard's firm, Invictus, has partnered with Dynasty Financial and will have offices in Chicago, Miami and Milwaukee.
Bank CEOs scolded by senators
Banking Committee Chairman Sherrod Brown challenged the executives 'to be as good to the American people as the nation has been to you.'
JPMorgan reopens offices across the U.S.
Its plan to bring employees back to the office will probably be watched closely by major financial firms, which may adjust their plans depending on how it goes.
Morningstar expands analysis of ESG commitments by asset managers
In the fund tracker's second round of measuring the ESG commitment of asset managers, it found that most fund companies rank near the bottom.
JPMorgan preparing to offer Bitcoin fund to wealthy clients
The actively managed fund is expected to be available as soon as this summer, and NYDIG will be the custody provider.
Vanguard jumps on the ETF share-split bandwagon
The surging bull market for stocks has increased the need to split shares to keep prices manageable for investors.
JPMorgan plans to expose investors to Bitcoin-friendly stocks
JPMorgan is another large player slowly giving investors access to Bitcoin trading given there is no cryptocurrency backed ETF in the U.S.
Vanguard’s first active bond ETF has ‘disruption’ written all over it
The low-cost provider is planning a cash-alternative exchange-traded fund whose cost is about half that of popular ETFs in the category.
JPMorgan creates investment product for Black-owned banks
The product will initially be distributed by four Black-owned banks, and JPMorgan will share the assets and fees generated with those banks.
Ariel Investments launches firm to build minority businesses
The private asset management firm, Ariel Alternatives, aims to build certified minority enterprises that can supply Fortune 500 companies.
Morgan Stanley’s Gorman now best-paid bank CEO, topping Dimon
Morgan Stanley boosted its chief executive’s pay 22% to $33 million for 2020, when the Wall Street bank posted its third consecutive year of record earnings and announced two large deals.
5 retirement planning resolutions for 2021
Learning from the lessons of 2020 and taking action to improve their retirement planning should be a key focus for advisers in 2021.
Wall Street skimps on compensation despite pandemic windfall
Investment banks saw a rise in revenue per employee last year, but that doesn't seem to have translated into big rewards for workers.
Black, Latina women more confident investors despite hurdles: J.P. Morgan
The demographic started investing to capitalize on this year’s market volatility, but financial advice did not fit their needs, according to new research
JPMorgan enters green ETF arena with carbon fund
The passive fund tracks a gauge that screens the Russell 1000 Index for companies trying to reduce their carbon footprint
Dimon asks bankers for M&A ideas
JPMorgan CEO suggests he would consider acquisitions related to software, fintech or 'something overseas'
