JPMChase outpaces Stagecoach From Hell To Be Most Valuable US Bank

Dakin Campbell & Dawn Kopecki, Bloomberg JPMorgan Chase & Co., the biggest U.S. bank by assets, reclaimed the No. 1 title by market value as the impact of last year’s wrong-way bet on derivatives fades and investors wager on an investment-banking rebound. JPMorgan shares rose 1.6 percent this week, valuing the bank at $184.9 billion through yesterday. That eclipsed […]

How Banks Are Playthings of Idiots

Top UBS banker attacks City culture UBS’s new head of investment banking Andrea Orcel admitted to MPs and peers that banks had become ‘too arrogant, too self-convinced’ in the runup to the banking crisis Jill Treanor, UK Guardian Banks are “too arrogant” and must undergo sweeping cultural changes, a top banker at UBS said on Wednesday as […]

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