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Too much work, too few sales
In a momentum market, active managers have to run just to stand still
Jennifer Piepszak cements her status as a leading contender but the CEO is not leaving anytime soon
Investor and depositor faith instilled by powerhouse spread of business has helped lower cost of capital
Jennifer Piepszak, Marianne Lake and Troy Rohrbaugh take on new responsibilities in consolidated businesses
Lol probably not, but JPMorgan says it’s possible
Remuneration is the highest-ever for the longtime Wall Street executive
Bank spends $15bn a year on tech and employs 62,000 technologists, senior executive says at Davos
Biggest lenders optimistic about economic outlook despite higher interest rates
Comparatively bullish tone contrasts with peers as Bank of America, Citigroup and Wells Fargo all post earnings
‘Welcome to how the world used to work before British, then US, naval supremacy’
Wall Street lender is the biggest US bank on almost every measure, including profits, deposits and branches
Exchange traded funds backed by covered calls draw investors in search of steady income
JPMorgan Chase boss criticises ‘lack of economic analysis’ behind consumer regulations
UBS chair and HSBC chief join Wall Street bankers in questioning US proposals to implement Basel III rules
Listing of luxury trainer brand in Milan could come as soon as the first half of 2024
As law firm partner pay has soared, so has their desirability as clients for private bankers
Bank says new target is ‘more ambitious’ – others disagree
And the food stock crash
Plus, the secretive Texas oil companies being chased down by dealmakers and Rob Copeland’s new book on Bridgewater
The FT rounds up the US bank executives cashing in their shares
With $10bn in active ETFs in Europe the lender is already the continent’s largest provider of the products
Chief executive intends to dispose of 1mn shares through equity trading plans next year
Wall Street banks forecast rising energy prices and flagging eurozone growth to drag down single currency
Wall Street concedes it will have to pay more to depositors but cannot agree on when
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