Edition:
United Kingdom

David Henry

Analysis: Biden tax increase might not be so bad for big banks

22 Oct 2020

NEW YORK Democratic presidential candidate Joe Biden's plan to raise corporate taxes would have a modest impact on profits of big U.S. banks and probably not before 2022, analysts said.

Big U.S. banks offer muddled outlook on how bad coronavirus losses might get

14 Oct 2020

NEW YORK Will loan losses from the coronavirus recession get worse, much worse or extremely worse over the next six-to-12 months? All of the above, bank executives said this week.

JPMorgan sticks with plan to build giant New York headquarters

13 Oct 2020

NEW YORK JPMorgan Chase & Co is forging ahead with plans to build a mammoth new headquarters in New York, Chief Executive Jamie Dimon said on Tuesday, despite the coronavirus pandemic casting serious doubt on the future of office buildings.

JPMorgan executives offer slightly brighter view on pandemic recession

13 Oct 2020

JPMorgan Chase & Co executives are cautiously optimistic that the coronavirus pandemic will not send the economy into the worst possible tailspin, and feel confident enough in the bank’s financial position to start repurchasing shares again soon if regulators allow. | Video

JP Morgan trotzt Corona-Krise - Citi leidet weiter

13 Oct 2020

New York Der Boom an den Finanzmärkten lindert die Folgen der Corona-Krise für die US-Großbanken.

Citigroup pays $400 million U.S. fine, agrees to fix long-term lapses

08 Oct 2020

WASHINGTON Citigroup Inc has agreed to pay a $400 million fine and draw up a sweeping plan to fix persistent risk management and operational problems that have led to multiple violations and penalties over the years, U.S. regulators said on Wednesday.

Big U.S. banks to report profit plunge as pandemic recession takes hold

01 Oct 2020

NEW YORK As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.

JPMorgan pushes payment fraud protection for small business customers

28 Sep 2020

NEW YORK JPMorgan Chase & Co. , the country's largest lender, is stepping up payment fraud protections for its small and mid-sized business customers, which continue to be targeted by scammers - particularly amid the COVID-19 pandemic.

World News