The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
Category: Dimon, James
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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
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Will the Fed Raise Interest Rates During a Banking Crisis?
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
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Markets Worry First Republic and Other Banks Remain Under Pressure
The nation’s top lenders banded together to rescue First Republic Bank. But markets worry that regional institutions remain under pressure.
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JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.
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An Activist Investor Takes on BlackRock Over E.S.G.
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down.
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.