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January 20, 2021

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Jamie Dimon says JPMorgan Chase should absolutely be ‘scared s—less’ about fintech threat

CNBC
CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon has watched while a new breed......

Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand

CNBC
CNBC – For more and to sign up click here More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him. Now, after followers of President Trump laid......

JPMorgan and Citigroup join U.S. corporations halting political donations after Capitol riot

CNBC
CNBC – For more and to sign up click here Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup......

Deutsche Bank to pay $125 million to settle U.S. probes into overseas bribes, trading practices

CNBC
CNBC – For more and to sign up click here Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of......

‘I can’t stay here’ — Mick Mulvaney resigns from Trump administration, expects others to follow

CNBC
CNBC – For more and to sign up click here WASHINGTON — Mick Mulvaney, President Donald Trump‘s former chief of staff, told CNBC on Thursday he has resigned as special U.S. envoy to Northern Ireland. “I called [Secretary of State] Mike Pompeo last night to let him know I was resigning......

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt healthcare, is disbanding after 3 years

CNBC
CNBC – For more and to sign up click here Jeff Bezos, Warren Buffett and Jamie Dimon. CNBC Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. The company......

JPMorgan is acquiring a major credit card rewards business in a bet that travel will rebound next year

CNBC
CNBC – For more and to sign up click here JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. The bank agreed Monday to acquire the technology platforms, travel......

Goldman Sachs, once reserved for the rich, is close to offering wealth management for the masses

CNBC
CNBC – For more and to sign up click here A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters Goldman Sachs has, for decades, set its sights on the global elite when it......

Jamie Dimon says he wouldn’t touch Treasurys with a 10-foot pole at these rates

CNBC
CNBC – For more and to sign up click here JPMorgan Chase CEO Jamie Dimon said that low-yielding Treasurys are a poor investment right now. “I would not be a buyer of Treasurys,” Dimon said Tuesday at an annual Goldman Sachs financial services conference. “I think Treasurys at these rates,......

Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out

CNBC
CNBC – For more and to sign up click here Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S.......

JPMorgan is buying fintech start-up 55ip to help financial advisors offer tax-efficient portfolios

CNBC
CNBC – For more and to sign up click here Pedestrians walk in front of the JPMorgan Chase headquarters building in New York. Scott Mlyn | CNBC JPMorgan Chase said that its asset management division has agreed to buy a fintech start-up that helps financial advisors automate the construction of......

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