Latest News

JPMorgan says will be careful about banker cuts amid investment banking downturn


JPMorgan says will be careful about banker cuts amid investment banking downturn By Reuters

Breaking News


Economy 2 minutes ago (Sep 13, 2022 17:36)

© Reuters. FILE PHOTO: A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid

By Saeed Azhar and Lananh Nguyen

NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:JPM) will maintain caution on its staffing levels despite the recent downturn in investment banking, its president said on Tuesday.

“You need to very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward,” Daniel Pinto, president and chief operating officer of JPMorgan, told investors at a conference Tuesday. “If anything, in some environments like this, there may be some very, very top bankers that you could not access or hire in the past that now they’re available to be hired.”

His comments follow plans by Goldman Sachs Group Inc (NYSE:GS), according to a source familiar with the matter, to cut jobs as early as this month after pausing the annual practice for two years during the pandemic.

JPMorgan says will be careful about banker cuts amid investment banking downturn

Germany’s Scholz, Russia’s Putin discuss Ukraine in phone callBy Reuters – Sep 13, 2022

BERLIN (Reuters) – German Chancellor Olaf Scholz urged Russian President Vladimir Putin in a phone call on Tuesday to find a diplomatic solution for the conflict in Ukraine based…

UK stocks close lower, hit by Wall St selloff on inflation dataBy Reuters – Sep 13, 2022

By Bansari Mayur Kamdar, Johann M Cherian and Aniruddha Ghosh (Reuters) -UK’s main equity indexes fell on Tuesday, echoing weak sentiment on Wall Street, as hotter-than-expected…

Exclusive-Germany drawing up new China trade policy, vows ‘no more naivety’By Reuters – Sep 13, 2022

By Christian Kraemer BERLIN (Reuters) – Germany’s economy minister said on Tuesday the government was working on a new trade policy with China to reduce dependence on Chinese raw…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Germany’s Scholz, Russia’s Putin discuss Ukraine in phone call

Previous article

Current State of the Housing Market; Overview for mid-September

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News