News | Latest Breaking News Stories & Headlines

Ex-Barclays CEO appeals UK ban over Epstein statements

Former Barclays boss Jes Staley will today mount a high-profile appeal against his proposed ban from Britain's finance industry, which will once again highlight his relationship with disgraced financier Jeffrey Epstein.

Business • 03 Mar

Piepszak is currently co-CEO of its commercial and investment bank

JPMorgan names CEO contender Jennifer Piepszak as COO

JPMorgan Chase has promoted insider Jennifer Piepszak, seen as a strong contender for CEO Jamie Dimon's role, as its chief operating officer in place of Daniel Pinto, who will retire at the end of 2026.

Business • 14 Jan

Profits at the big US bank came in at $18.1 billion, up 25%

JPMorgan Chase profits jump

JPMorgan Chase reported higher second-quarter profits Friday thanks to better results in investment banking and a gain on Visa shares, although earnings were dampened by higher costs for bad loans.

Business • 12 Jul 24

Jamie Dimon is due to complete 18 years at the helm of JP Morgan - the largest US bank by assets

JPMorgan says CEO transition is a top priority

JPMorgan said today that an orderly CEO transition is the top priority for its board in the medium term, as Jamie Dimon completes 18 years at the helm of the largest US bank by assets.

Business • 08 Apr 24

More than 1,000 employees will be affected, the report said

JPMorgan lays off hundreds in mortgage business

JPMorgan Chase & Co is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported today, citing people familiar with the matter.

Business • 22 Jun 22

Apple Music, which was launched in 2015 and is the second-biggest music-streaming service after Spotify

Apple music, gaming to bring in over $8bn by 2025

Apple's revenue from gaming and music offerings is expected to jump 36% to $8.2 billion by 2025, JPMorgan said today, as the iPhone maker taps its huge user base to drive its subscription services.

Business • 13 Jun 22

JPMorgan warns of possible $1 billion Russia loss

JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said today, detailing the extent of the bank's potential losses from the conflict in Ukraine for the first time.

Business • 04 Apr 22

Bitoin hit a record of $51,300 today after breaking through the $50,000 mark for the first time yesterday

Bitcoin's gains unsustainable without lower volatility

Bitcoin's charge to a record level of over $50,000 is not sustainable unless the cryptocurrency's price swings cool down quickly, JPMorgan analysts said in a note.

Business • 17 Feb 21

EU Competition Commissioner Margrethe Vestager said the commission will not tolerate collusive behaviour in any sector of the financial markets

EU fines five major banks for currency collusion

The European Commission has today fined Barclays, Citigroup, JP Morgan, Japan's MUFG and Royal Bank of Scotland a combined €1.07 billion for rigging the multi-trillion dollar foreign exchange market.

Business • 16 May 19

The biggest US bank by assets saw increases in revenues in all its major divisions due in large part to higher interest rates

JPMorgan Chase reports higher profits, upbeat outlook

JPMorgan Chase has today reported a jump in first-quarter earnings, lifted by higher interest rates and revenue growth in core businesses.

Business • 13 Apr 18

JPMorgan's CEO Jamie Dimon warns on Brexit jobs

JPMorgan could move 4,000 jobs from UK after Brexit

JPMorgan could move over 4,000 jobs out of Britain if Brexit talks result in a divergence of regulations and trade agreements between Britain and the European Union, the US banking giant's CEO has said.

Business • 25 Jan 18

The Wall Street banks' higher pay packages show how they have bounced back more quickly from the financial crisis than their peers in Britain

JPMorgan, Goldman come top of banker pay league in UK

JPMorgan and Goldman Sachs paid their top bankers in Britain an average of $1.5m each in 2016, compared with $1m for local rivals HSBC and Barclays, data released by the banks last year shows.

Business • 05 Jan 18

The morning business news with Aengus Cox

JPMorgan trials the use of AI to execute trades

One of those innovative ideas comes from the the world's largest bank by revenue, JPMorgan, which is said to be trialling the use of artificial intelligence (AI) to improve its trading performance.

Business • 01 Aug 17

JPMorgan chief executive Jamie Dimon reported his first quarterly loss as CEO because of multi-billion dollar bills

JPMorgan nears $6 billion bondholder settlement

JPMorgan Chase is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis.

Business • 23 Oct 13

JPMorgan bosses unlikely to face charges

The JPMorgan Chase executives who supervised the traders at the center of the "London Whale" scandal are unlikely to face any charges over a trading debacle that cost the largest U.S. bank more than $6.2 billion.

Business • 15 Aug 13

Jpmorgan