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Big banks warn of uncertain year ahead after mixed financial performances in the first quarter

NEW YORK — Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. However, looking ahead, we remain alert to a number of significant uncertain forces,” JPMorgan CEO Jamie Dimon said, citing the wars in Gaza and …

CEOs of the nation’s biggest banks warn that new regulations could harm the economy

NEW YORK — The heads of Wall Street’s biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated, warning that the new proposals could negatively impact the economy at a time of geopolitical turmoil and inflation. Whereas in previous years the bank CEOs used …

Big hitters on Wall Street are lining up to support Nikki Haley’s long-shot bid to snatch the 2024 Republican presidential nomination from Donald Trump. Former Trump adviser Gary Cohn and UBS banker Mike Santini co-hosted a Haley fundraiser Tuesday at Cohn’s Upper East Side apartment in Manhattan. Haley, 51 years old, who already has high-profile admirers including outgoing Morgan Stanley …

Hong Kong CNN Business — Jamie Dimon is the latest big name in business to skip one of the world’s longest quarantines. “The stay is only going to be for a little bit over a day.” Hong Kong, one of the world’s leading financial hubs, is the base for JPMorgan’s Asia Pacific headquarters. Critics have argued that the policy is …