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Richard Li-backed insurer FWD files for Hong Kong IPO
... venue to Hong Kong and first applied for a share sale in the Asian financial hub two months later. The company decided to postpone in May due to weak market conditions. Morgan Stanley , Goldman Sachs Group Inc. , China Merchants International and JPMorgan Chase Co. are the joint sponsors of the Hong Kong IPO. FWD raised more than 1.6 billion in private placements with investors, including an insurer backed by Apollo Global Management Inc. The placements were to be set to value the company at $9 billion, which ...
Updated: 09/14/2022
JPMorgan, Bank of America caution against layoffs
NEW YORK: JPMorgan Chase and Bank of America, the two largest US banks by assets, cautioned against job cuts, in contrast to Goldman Sachs, where ... ... more than 278,000 employees at the end of the second quarter, an increase of 7 per cent from a year earlier in the year. Moelis Co referred to July comments from its chief executive Ken Moelis , who said the investment bank's talent pipeline is strong and ...
Updated: 09/13/2022
Goldman Sachs staff to lose jobs early this month
... financing deals have dried up. The banks will likely continue to be under pressure to cut costs where they can and layoffs and slowdowns in hiring are quite possible, said Ryan Detrick, chief market strategist at Carson Group . In the past few months, JPMorgan Chase Co, Wells Fargo Co, and Citigroup have cut mortgage bankers, as the industry has reduced its size due to a surge in demand for mortgages.
Updated: 09/13/2022
DOJ subpoenas some short sellers for trading info
The U.S. Department of Justice has subpoenaed some short sellers for trading information on firms including Amazon.com Inc, Microsoft Corp%, and JPMorgan Chase Co, as part of a short-selling probe, Bloomberg News reported on Monday. The U.S. Department of Justice has subpoenaed some short sellers for trading information on firms including Amazon.com Inc , Microsoft Corp ., and JPMorgan Chase Co, as part ...
Updated: 09/12/2022
Mortgage business in the US struggles as rates slow
... Bancorp Chief Financial Officer Terry Dolan . The biggest US banks are responding as well. Citigroup Inc. joined the ranks of companies that were slapping their mortgage workforce earlier this month, eliminating fewer than 100 positions. In June, JPMorgan Chase Co. cut hundreds of home-lending employees and reassigned hundreds more as the housing market cooled, and Wells Fargo Co. plans to shrink its sprawling mortgage operation. None Dry Cleaners Were Disappearing Even Before the Pandemic, Even Before The Pandemic
Updated: 09/12/2022
JPMorgan Chase to acquire fintech firm Renovite
Financial services giant JPMorgan Chase Co. JPM has agreed to acquire California-based Renovite Technologies to solidify its presence in the payment processing arena, according to CNBC. Financial services giant JPMorgan Chase Co. JPM has agreed to acquire California-based Renovite Technologies ...
Updated: 09/12/2022
Global stocks on track for worst run since 2011
... and for now appears to be the watchword: dollar strength coursed through global markets on Wednesday, and Treasury yields held a surge in value due to expectations of a pugnacious Fed and an Asian share gauge. Joyce Chang , Global Head of Research at JPMorgan Chase Co., said on Bloomberg Television that the big question is inflation and how the central banks should react to this. We are front-loading all of these central bank moves so at what point can they sit back and see where inflation settles? The Goldman ...
Updated: 09/07/2022
Chile central bank hikes rates despite recession
... continue to rise. The central bank will publish its latest growth and inflation forecasts in its quarterly monetary policy report on Wednesday. Inflation expectations have de-anchored despite the monetary tightening and realized fiscal consolidation, JPMorgan Chase Co economists Diego Pereira and Lucila Barbeito wrote in a report before the decision. The central bank should put any activity consideration on the back-burner at this stage. Big Pharma Millions could be saved by none of the new contaminants found ...
Updated: 09/06/2022
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