JPMorgan Chase has sharply reduced the financing it provides to Jane Street, according to reporting by the Financial Times, as the secretive trading firm’s rapid expansion into the bond market brings it
China is preparing to address a massive backlog of unpaid bills owed by local governments to the private sector, estimated by some sources to exceed $1 trillion, according to people familiar with
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When HSBC Holdings Plc’s departing chief executive Noel Quinn walked out of the bank’s London headquarters for the final time in September 2024, he shared a heartfelt hug with his successor, Georges
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JPMorgan Chase has hired a record number of senior commercial and investment bankers over the past year, in a sweeping recruitment campaign aimed at boosting its market share across key sectors and
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The US Department of Justice (DOJ) has asked a court to dismiss allegations that it failed to properly investigate sanctions violations by Standard Chartered, a case that has drawn attention at the
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JPMorgan Chase is opening the doors to its new $3 billion headquarters in midtown Manhattan, a 60-storey tower that has been described by employees as a monument to chief executive Jamie Dimon’s
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The Commonwealth Bank of Australia (CBA) has scrapped plans to eliminate 45 customer service roles after pressure from the Finance Sector Union (FSU), which challenged the bank’s reliance on artificial intelligence as
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U.S. equities tumbled this week, with the S&P 500 shedding roughly $1 trillion in market value as a tech-driven selloff intensified ahead of anticipated Federal Reserve guidance on interest rates. The S&P
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National Australia Bank Ltd. (NAB) said it will take a one-off charge of A$130 million ($85 million) and launch a comprehensive review of its payroll systems after discovering that a range of
More JPMorgan Chase is weighing plans to construct a new tower at Canary Wharf as it assesses the long-term future of its European headquarters in London. The US banking giant is examining whether
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Banks and companies across emerging markets are rushing to international debt markets at the fastest pace in four years, taking advantage of lower borrowing costs as investors demand the smallest premium over
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