Finance.yahoo.com/markets/shares/articles/jpmorgan-shakes-succession-race-jamie-123500168.html”>JPMorgan Shakes Up Succession Race for Jamie Dimon With Two New Presidents [WSJ]
JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the corporate…. Petno and Rohrbaugh have been beforehand co-CEOs of JPMorgan’s business and funding financial institution…..
Marianne Lake, the present chief of client and group banking is ready to retire after greater than 25 years with the corporate, JPMorgan mentioned.
Finance/banking/the-lurid-lawsuit-salami-scandal-and-trash-can-thief-vexing-jpmorgans-pr-dept-75e8f171″>The Lurid Lawsuit, Salami Scandal and Trash-Can Thief Vexing JPMorgan’s PR Division [WSJ]
A girl who dumped out and walked off with a special-edition Knicks trash can in broad daylight. An funding banker whose lawsuit alleged sexual harassment by a former colleague in excruciating element. A startup founder who expensed “cellulite butter” to the financial institution throughout her trial for defrauding the financial institution.
Finance/regulation/big-banks-ace-an-easier-annual-stress-test-6f85cdcc”>Massive Banks Ace an Simpler Annual Stress Check [WSJ]
Massive banks responded with buybacks and dividend hikes, with JPMorgan saying IT would repurchase $50 billion in shares and Morgan Stanley saying IT deliberate to repurchase $20 billion price…. The outcomes gained’t come as a shock. Appearing underneath authorized stress, the Fed in late 2024 mentioned IT would start releasing the eventualities and the fashions they use to calculate how nicely banks fare in any given hypothetical. Critics of the transfer have accused the Fed of freely giving the solutions to its personal check earlier than IT occurs.
SEC Pressed To Curtail Hedge Fund, VC Reporting Rules [Law360]
Enterprise capital agency Andreesen Horowitz and Ropes & Grey LLP are urging the U. S. Securities and Change Fee to rewrite the definition of “hedge fund” earlier than placing into place proposed rules on what these funds need to disclose about their holdings.
M.B.A. Pay Is Drifting Down—and So Is Demand for the Degree [WSJ]
Tim Westerbeck, co-chairman of the higher-education consulting agency Eduvantis, mentioned the M.B.A. was constructed for graduates to get a foothold in consulting and Finance with analyst Jobs—the very positions that AI is structurally absorbing. When even the highest 20% of M.B.A. graduates can’t discover the kind of roles they need, the marketplace for their levels is altering in a everlasting means.
Finance/investing/at-this-private-credit-fund-exits-have-been-restricted-for-four-years-and-counting-674e7736″>At This Non-public-Credit score Fund, Exits Have Been Restricted for 4 Years and Counting [WSJ]
One wealth supervisor estimates IT might take six extra years to get all his purchasers’ cash out of the fund, which makes a speciality of a distinct segment nook of the private-credit world.
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