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The Latest Breaking News from JPMorgan

World Bank: Recession a Looming Threat for Global Economy

The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for…

Asharq Al-Awsat

World Bank warning: Global economy is at risk of recession

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

The Independent UK

This new JPMorgan job comes with an annual restaurant budget of $30,000 on top of a salary up to $130,000

The successful applicant will take on the role of editor at The Infatuation, a restaurant review platform recently acquired by the banking giant, with a salary ranging from $85,000 to $130,000.

Fortune

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Epstein's sex trafficking was aided by JPMorgan, a U.S. Virgin Islands lawsuit says

The U.S.V.I. says JPMorgan Chase didn't report Jeffrey Epstein's suspicious financial activities and provided him banking services after his 2008 conviction for soliciting a minor.

WEKU

US Virgin Islands district attorney fired days after suing JP Morgan Chase over Jeffrey Epstein ties

Virgin Islands Governor Albert Bryan said he had ‘relieved’ Denise George of her duties amid reports he was unaware of a lawsuit filed against JP Morgan Chase

The Independent UK

Michael Hiltzik: Wells Fargo got slammed with a $3.7-billion penalty. So why doesn't it sound sorry?

The Consumer Financial Protection Bureau left very little unsaid when it announced, a few days before Christmas, $3.7 billion in assessments against Wells Fargo Bank for more than a decade of legal violations harming its millions of customers.

Los Angeles Times

How top CEOs from Elon Musk to Tim Cook tackled the big return-to-office in 2022

Lizzo concerts and subsidized butlers have been among the perks offered in the push for a return to in-person working this year.

Fortune

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US banks named as being among least ethical UK operators

A new study scores the best and the worst accounts based on key issues such as climate and tax avoidance

The Guardian - UK

Crypto is as useful as a ‘pet rock,’ according to JPMorgan's Jamie Dimon

The JPMorgan CEO has previously called cryptocurrencies dangerous, worthless and a “Ponzi scheme.”

Fortune

Goldman Sachs CEO says clients are shifting away from supply chain resiliency to keeping headcount down, but 'I'm not hearing panic'

Big banks weigh in on inflation, a pending recession, and consumer spending.

Fortune

A top Wall Street strategist thinks the December rally is finished

Wall Street’s top strategist and biggest bear Mike Wilson thinks the December rally is over and is back to selling again.

Fortune

How a 28-year-old is transforming the ‘male, pale, and stale’ personal finance industry to become everyone’s ‘Rich BFF’

Vivian Tu considers her content to be a “gateway drug” into personal finance that lets people dip their toe in without being overwhelmed.

Fortune

Republicans ride ESG backlash to state financial offices

WASHINGTON — Republicans picked up state financial officer positions during the midterm elections amid a campaign against environmental, social and governance investing.

Tribune News Service

Republicans ride ESG backlash to state financial offices - Roll Call

Republican candidates flipped five state offices that manage investments in a backlash against using ESG factors in investment decisions.

Roll Call

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Benzinga

Facebook Stalls Portal & Smartwatch Projects, Visa Breaks Debit Card Tie Up With FTX, $3B Bitcoin Withdrawn From Crypto Exchanges: Top Stories Monday, Nov. 14

Reuters

Fortune

Sam Bankman-Fried needs $4 billion. Fast.

Bankman-Fried apologized to investors and said he would be “incredibly, unbelievably grateful” if they could help out.

Bangkok Post

Investors expect crypto turmoil to get worse

Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.

Fortune

The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says

A recession is likely next year, but it may have been avoidable.

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news in one place.

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Tribune News Service

NYC employers’ solution to pay transparency: $100,000 salary ranges

In the brave, newly transparent world for New York City job seekers, many will still be left wondering: Wait, how much does this role really pay?

The Independent UK

Major banks support rainforest oil project despite problems

Financing fossil fuels, which are the primary cause of climate change, has become controversial in recent years, with major banks under fire for the scale of their lending for oil and gas development

Benzinga

What Dividend Stocks Did This Finance-Focused Congressman Buy?

U.S. Rep. Trey Hollingsworth (R-IN) has made more than 90 trades in the last three years.

Benzinga

Analyst Sees S&P 500 Surging Over 10% Tomorrow If Fed Takes These 2 Actions

The market has started the week on a negative note after a strong October. The near-term direction of the market largely hinges on what the Fed’s monetary policy-setting arm — the Federal Open Market Committee — does on Wednesday.

Financial Times

Glitz and Gladwell: the infighting over prized JPMorgan wealth clients

Author of ‘The Tipping Point’ calls on Jamie Dimon to intervene in tug of war for rich customers

The Independent UK

Bank CEOs increasingly turning pessimistic on economy

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient

The Independent UK

Kanye West, JPMorgan banking breakup planned for weeks

JPMorgan Chase and Kanye West are ending their business relationship, as the hip-hop star remains embroiled in controversy over his recent antisemitic comments

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