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BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals
Boss of biggest US bank faces showdown on pay package and spending plans at first gathering in two years
Only 31% of investors backed chief executive’s remuneration plan
Researchers take rosier view of internet companies just months after bearish call
Plus, Extinction Rebellion’s US aggression heats up
Executives say losses are manageable but are wary of possible spillover effects
Also, there are not enough commodities
America’s largest bank reports 42 per cent drop in net income
Bank put aside almost $1bn in loan-loss reserves amid rising inflation
The slowdown in Wall Street’s profit engine this year has been worse than expected
JPMorgan declined to process two coupon payments due on Monday
JPMorgan chief’s annual shareholder letter predicts ‘inflation will eventually start to recede’
World’s largest lenders provided only slightly less financing last year than in 2020, analysis shows
Investment bank’s higher outlays have spooked analysts and now investors
Shareholders also want more detail on Jamie Dimon’s push into UK retail banking
Moscow steps closer to avoiding default as funds move from US banks to major securities depositories
Bank says disease is becoming ‘part of our new normal’ as case numbers decline
Equity inflows could reach $230bn in the coming weeks as funds rebalance their portfolios, says JPMorgan
US bank making contingency plans in case of market shutdown as Covid cases surge in territory
US financial groups say they are acting in compliance with government instructions
Bank follows MSCI, S&P and others in excluding securities as sanctions squeeze economy
Sanctions and Moscow market closure mean many Russian securities no longer meet liquidity requirements
Abuja sues bank for $1.7bn claiming it was aware of fraudulent payments
Plus, renewed legal action over sustainability claims and a stark reversal of fortunes for European wind groups
Renewed pressure on the biggest global lender to fossil fuel companies
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