JPMorgan Chase said it has invested $5 billion in equity in industries critical to US economic and national security, as banks seek to capitalize on growing demand for domestic manufacturing, energy infrastructure and supply-chain resilience.
AI skills are starting to count toward pay and promotion on Wall Street, with nearly a quarter of financial firms tying raises, bonuses or promotions to employees’ proficiency with the technology, a survey showed.
JPMorgan Chase has appointed former Goldman Sachs and Sycamore executive Rob Sweeney as a global chair of investment banking, according to an internal memo seen by Reuters.
JPMorgan Chase expects investment banking fees and trading revenue growth to be strong in the third quarter, co-President Doug Petno said at an investor conference on Tuesday.
JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said.
Former Barclays Chief Executive Jes Staley said on Thursday in a closed-door U.S. congressional hearing that he had no friendship with Jeffrey Epstein but failed to convince lawmakers, Democrats on the committee told reporters.
Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space in the country and signaling plans to broaden its offerings in the future.
Major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with human colleagues and clients as they race to get ahead.
Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty AI investments.
Over the years JPMorgan Chase CEO Jamie Dimon has talked many times about succession - but a date to hand over the baton seemed elusive. This time, sources said, the plan is real.
Elon Musk's SpaceX said on Tuesday it has launched a five-tranche notes offering to raise at least $25 billion, as the newly public company seeks funding for its capital-intensive AI expansion.
