JPMorgan and Citi hint at broader Wells Fargo woes

October 14, 2016

Wall Street helped the two diversified mega-banks trounce expectations, while the more retail-focused of the trio just squeaked by. Falling returns also will test new Wells Fargo CEO Tim Sloan as he contends with the sham-accounts fiasco. High-level cross-selling sometimes helps.

from Viewsroom:

Viewsroom: The Kit Kat defense; Brexit fallout

July 8, 2016

The humble four-fingered chocolate bar could play a key role in fending off bidders for Hershey. Meanwhile, the EU-shunning UK battles political instability, a tanking currency and a run on commercial property funds, while the economic pain of allowing in far fewer migrants looms.

Singapore, Saudi put corporate do-gooders on spot

June 9, 2016

Banks covet business in Saudi Arabia despite its poor human rights. They can say it’s the direction of travel that counts. Singapore, which just told groups like Goldman Sachs to stop backing a gay and lesbian event, is going backwards. It puts corporate sincerity to the test.

Viewsroom: Trump touts riches while banks blunt breakup talk

May 20, 2016

The likely GOP nominee for U.S. president boasts of his huge financial disclosure, while JPMorgan owners miss a trick in snubbing a study on splitting the lender. Plus: activist Keith Meister hits the right note in calling for a sale of struggling online music streamer Pandora.

Saudi’s sweet debt deal could rebound on banks

April 21, 2016

The kingdom is close to its first international debt deal in 25 years to plug a hole in its finances caused by weak oil prices. Vast oil reserves make Saudi debt enticing, but the price slump is changing the game in several ways. And Middle East states have defaulted before.

Viewsroom: Coal bust, Bank earnings, Millennial media

April 15, 2016

Peabody Energy's bankruptcy gives Big Oil a glimpse into the future, while energy losses are just one issue U.S. lenders have to contend with. Plus: startup news outlets face age-old problems.

Banks can’t rely on lifeboats when Titanic sinks

April 13, 2016

JPMorgan is among five big U.S. firms that failed the living wills test. That’s because they counted on liquidity from other subsidiaries that could be cut off from providing aid when things go awry. The regulators’ message to Wall Street is clear: every man for himself will prevail in the next crisis.

Credit Suisse wise to flaunt Brexit neutrality

April 8, 2016

The Swiss bank has banned staff from events and debates tied to the UK’s EU referendum. Overt partisanship might have unnerved some Credit Suisse clients. As Switzerland renegotiates its own trading terms with Europe, Brexit impartiality also makes sense for its domestic banks.

Jamie Dimon stands up to bank breakup bullies

April 7, 2016

The JPMorgan CEO’s latest annual missive tackles everything from Brazil to Brexit. An overriding message that bigger is better in finance mostly resonates, however. A reasoned case like Dimon’s is key as the likes of Bernie Sanders and Neel Kashkari advance the carve-up cause.

Jamie Dimon to Wells Fargo: Go ahead, make my day

March 1, 2016

The JPMorgan boss suggests that if his big, boring rival wants to compete internationally, it’ll have to buy an investment bank. Bulking up on Wall Street would recklessly push the lender led by John Stumpf into businesses it doesn’t know well. Dimon wouldn’t want that. Right?