CVS buys Chicago-based Oak Street Health for $10.6B Oak Street Health runs primary care centers mostly for lower-to-middle income people with Medicare Advantage plans. Chicago Sun-Times · Feb 8, 2023
CVS acquires Oak Street primary care for $10.6 billion CVS Health is plunging deeper into providing primary care with an approximately $10.6 billion deal to acquire Oak Street Health The Independent UK · Feb 8, 2023
How did JPMorgan fall for Frank? Several execs played a role in buying the $175 million startup that’s been accused of fraud JPMorgan hoped to get a foothold in the fast-growing world of student loans. Instead, they got a huge headache. Fortune · Feb 3, 2023
How Wall Street’s fossil-fuel money pipeline undermines the fight to save the planet Big banks and investment firms have joined the ranks of companies making "net-zero" pledges. But their huge stakes in oil and gas projects are undermining their climate promises. Fortune · Feb 2, 2023
JP Morgan just bought a massive forest to make money—And not just from the timber Investing in forests to cut down trees used to be big business. Keeping them standing may be the next big thing. Fortune · Feb 1, 2023
CEO longevity pays off for JPMorgan Chase’s Jamie Dimon and other chiefs of World’s Most Admired Companies CEO tenure at companies on this list is significantly longer than the Fortune 500 average. Experts say more-experienced CEOs make decisions more efficiently and can build better cultures. Fortune · Feb 1, 2023
A JPMorgan strategist just said that markets are in big trouble if the economy doesn't fall into a recession Without a recession in 2023, the Fed may be forced to hike interest rates later in the year, JPMorgan's Mike Bell says. Fortune · Jan 31, 2023
US Virgin Islands seeks Epstein documents from Barclays The U.S. Virgin Islands asked a U.S. court to order Barclays Plc to turn over documents related to the relationship its former chief executive officer Jes Staley had with sex-offender Jeffrey Epstein. Tribune News Service · Jan 27, 2023
Musk tells tweet fraud jury he has no trouble raising money Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies. Tribune News Service · Jan 24, 2023
Musk tells tweet fraud jury he has no trouble raising money Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies. Tribune News Service · Jan 24, 2023
JPMorgan expects more IPOs, takeovers as baht gains The Thai baht rally will help reverse a slump in its market for initial public offerings and provide fire-power for overseas acquisitions by Thai companies, according to JPMorgan Chase & Co. Bangkok Post · Jan 24, 2023
Jamie Dimon says remote work ‘doesn’t work’ for bosses, young workers, or ‘spontaneity' But it does work for women, the JPMorgan chief added. Fortune · Jan 20, 2023
Tesla, JPMorgan, and Meta are among companies that face ‘key-person’ risk Boards have to be wary of “key-person risk.” Here’s what top directors can do to break up a codependent relationship between a company and a star executive. Fortune · Jan 20, 2023
At buzzy health care business conference, investors fear the bubble will burst JPMorgan's cheery confab returned to San Francisco, but the health care capitalists had economic anxiety, too. WEKU · Jan 20, 2023
Fortune · Jan 19, 2023 JPMorgan CEO Jamie Dimon says that Bitcoin is a ‘hyped-up fraud’ and cryptocurrencies are a ‘waste of time'—but blockchain is a 'deployable' technology “I think all that's been a waste of time and why you guys waste any breath on it is totally beyond me,” Dimon told CNBC on Thursday. “Bitcoin itself is a hyped up fraud. It’s a pet rock.”
Bangkok Post · Jan 19, 2023 Thai stocks are top pick in Asean on tourism outlook: JPMorgan A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.
Bangkok Post · Jan 19, 2023 JPMorgan’s top pick in Asean is Thai stocks on tourism outlook A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.
Financial Times · Jan 18, 2023 What it would take for Apple to disentangle itself from China The tech giant increasingly finds itself beholden to America’s biggest geopolitical rival. But is diversification even possible?
Tribune News Service · Jan 17, 2023 Jes Staley ‘personally observed’ Epstein’s abuse, woman suing JPMorgan claims A woman suing JPMorgan Chase & Co. for facilitating her sexual abuse by Jeffrey Epstein is claiming Jes Staley “personally observed” that abuse when he was the bank’s head of private wealth.
Salon · Jan 17, 2023 Health care investors convene in SF Health care’s business class returned to San Francisco last week for JPMorgan’s annual health care confab
Axios · Jan 13, 2023 These major banks see a "mild recession" coming in 2023 JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.
Fortune · Jan 13, 2023 Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.
Fortune · Jan 13, 2023 JPMorgan is accusing the 30-year old founder of fintech startup Frank of fraud—after paying $175 million for her company Less than two years after buying Frank, the bank claims that Frank’s management invented numbers it provided during the due diligence process.
Fortune · Jan 12, 2023 Millennial founder who sold her fintech to JPMorgan sued for inventing customers Charlie Javice launched Frank six years ago to help students grappling with the soaring cost of college tuition to afford higher education, but Chase alleges 93% of her customers were fictitious.
Fortune · Jan 10, 2023 Jamie Dimon rattled the markets last year by comparing the coming recession to a 'hurricane.' Now he says it's just some 'storm clouds' JPMorgan Chase CEO Jamie Dimon says he shouldn't have used the word "hurricane" to describe what lies ahead for the U.S. economy last year, but adds that there still are "storm clouds" and "heightened uncertainty."