Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.
Category: JPMorgan Chase & Company
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UBS and Other Bank Stocks Fall After Credit Suisse’s Firesale
The New York Times – Business: -
Markets Worry First Republic and Other Banks Remain Under Pressure
The New York Times – Business: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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Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
The New York Times – Business:Economists expected inflation and rates to stay low for years. With Silicon Valley Bank’s implosion, Wall Street is starting to reckon with how wrong that prediction has proved.
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Troubles at Silicon Valley Bank Rock the Global Stock Market.
The New York Times – Business:Shares in the bank, a go-to funder of tech start-ups, have fallen more than 60 percent in the past day as investors fear for its finances, and those of similarly sized lenders.
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JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein
The New York Times – Business:The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
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JPMorgan Sues Ex-Executive Accused of Helping Jeffrey Epstein
The New York Times – Business:The bank is seeking to shield itself from damages if a lawsuit filed by the U.S. Virgin Islands proves that James E. Staley knew about Mr. Epstein’s sex trafficking.
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Top Banker Talked of Young Women With Jeffrey Epstein, Court Filing Says
The New York Times – Business:Jes Staley, a former top executive at JPMorgan, is under scrutiny in a U.S. Virgin Islands case over his ties to the disgraced financier.
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FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The New York Times – Business:The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.
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Beyond Silicon Valley, Spending on Technology Is Resilient
The New York Times – Business:Despite an uncertain outlook, corporations plan to continue investing in their digital projects — a source of stability for the economy.
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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
The New York Times – Business:Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.
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JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The New York Times – Business: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.