Carlos Hernandez was previously JPMorgan’s executive chair of corporate & investment banking
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The Wall Street bank has rolled out its UK work experience scheme to Edinburgh
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Russell Budnick joins Citi Wealth as global head of capital markets
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AI recruitment has increased 13% over the past six months as banks have cut employees
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The Wall Street bank increased average payouts to key UK employees by 19% last year
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Three takeaways from bank earnings
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Five biggest US banks enjoyed boom in stock trading revenue in first quarter
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Patrice McDonald and Jakob Stott join the NatWest-owned wealth firm’s board
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The US bank has also posted a 12% increase in dealmaking revenue
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The US bank is hiring bankers before an expected uptick in deal activity from private equity and infrastructure clients over the next five years
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Dimon said the bank’s rapid growth had come with issues that were made worse by employees working from home
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The Wall Street bank has bolstered its coverage of private equity firms
The US bank is bulking up on private equity coverage ahead of an expected bounceback in deals
Amid record profits, the US’s largest bank faces internal turmoil over pay, layoffs, and DEI
The US bank is also partnering with other lenders in a renewed push into private credit
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Fund selectors and private banks are planning to allocate more cash to trendy vehicles at the expense of traditional active funds
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Masters previously spent 27 years at JPMorgan and became its commodities chief
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Executive orders by US president Trump have put diversity programmes in the cross-hairs. European investment banks are striking a more defiant tone than their US rivals
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Dimon says the younger generation have been damaged by hybrid working
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