Finance
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
The announcements followed the release of the Federal Reserve’s annual stress test, which found that all 32 large banks weathered a hypothetical recession.
JPMorgan Chase plans to deploy more powerful AI agents this year
JPMorgan Chase’s move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies.
Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents
Morgan Stanley’s move is one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools.
Goldman Sachs CEO David Solomon says markets are in ‘greed’ mode as AI companies seek billions
Goldman Sachs CEO David Solomon’s comments come as investors prepare for what will be one of the busiest periods for equity issuance in years.
‘Disrupted or dead’: AI is crushing a generation of startups built before ChatGPT
The AI boom that has funneled more than $250 billion into OpenAI and Anthropic has left hundreds of startups built before ChatGPT’s arrival in 2022 stranded.
Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: ‘We are on the lookout’
A $20 billion deal would be among the largest in JPMorgan’s history and could invite regulatory scrutiny given its position as the largest U.S. bank by assets.