Page 2 - Jpmorgan Chase & Co

US banks beat profit estimates on economic rebound, deals bonanza

JPMorgan Chase & Co, Citigroup, Wells Fargo & Co and Bank of America Corp reported a combined profit of $28.7 billion for the third quarter, beating analyst estimates

JPMorgan edges closer to leaving pandemic behind, its earnings show

(Reuters) -JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.

JPMorgan notches record quarter on merger flurry, $3-bn reserve release

JPMorgan released $3 billion in reserves it had previously set aside for bad loans, almost twice as much as analysts had predicted.

EU blocks Citi, 9 other banks from some bond sales over antitrust breaches

Banks including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Barclays Plc have been blocked from arranging individual syndicated transactions for the NextGenerationEU program by the

Oyo Hotels seeks to raise $600 mn loan, offers generous terms to investors

Oyo's loan also features maintenance covenants, which are usually only included for companies that are considered risky by investors.

Jamie Dimon succession race has two women ahead of pack at JP Morgan

Marianne Lake and Jennifer Piepszak have been named as co-heads of consumer and community banking business.

Credit Suisse raises $2 billion as CEO Gottstein cuts hedge fund unit

Gottstein is battling to rescue his short tenure as chief executive officer after Credit Suisse was hit harder than any other competitor by the collapse of Archegos

Citigroup needs a new strategy for its lagging Asian consumer banks

Citi has pan-Asian heft, garnering about 30% of its revenue in the region from ASEAN nations

'Outstanding at what she does': India-born rakes in billions for JPMorgan

Advising companies on M&A is one of the prestige roles in investment banking, generating both huge fees and headlines when a deal comes together

JPMorgan beats profit estimates as markets revival drives trading boom

JPMorgan also benefited as it set aside less reserve provisions, compared with the first two quarters of the year

Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report

Ant is planning to list on Shanghai's STAR market & Hong Kong

Saudi Aramco plans $75-billion dividend even as profit plunges 25%

Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.

SoftBank's $10-bn takeover of WeWork would lead to Chairman Neumann's exit

(Reuters) - SoftBank Group <9984.T> offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing start-up afloat and lead to the exit of its Chairman Adam Neumann, sources said.

SoftBank Group in talks for $5-billion rescue financing for WeWork

The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with the matter

PG&E gets $34 billion in debt financing as part of restructuring plan

The financing was included in a PG&E filing defending its exclusive right to move forward with a plan to exit the largest utility bankruptcy in US history

For Wall Street, China's financial markets are bigger than the trade war

However, there are still significant hurdles in setting up shop in China

Why has India's mega public sector banks merger plan failed to lure funds?

A prolonged shadow-banking crisis and hurdles in bankruptcy rules have left India holding the world's worst bad-debt pile

JPMorgan Chase's $8 billion jury loss to widow faces massive reduction

The plaintiffs alleged that bank representatives failed to meet financial deadlines for assets under their control and stock options were allowed to expire