Tag Archives: JP Morgan
Do Citigroup, JPMorgan Chase and Other Banks Hire More Than They Fire?
It’s no secret that Citigroup has a workforce problem this holiday season. The company may not be planning to layoff as many people as Morgan Stanley did last year, but if the reports are accurate, the firm is not in hiring mode either. Or is it? In North America alone, Citigroup is looking to fill 2,164 positions. Worldwide the company […]
Where Will You Work if JPMorgan Chase, Bank of America and Other Institutions Break Up?
Sometimes a relationship can last a lifetime. But just because two people might seem perfect for each other does not mean their marriage will last a lifetime. All too often, it ends in divorce. That could be the case for our nation’s biggest banks, and that is exactly what Sanford I. Weill, the former Chairman and CEO of Citigroup, wants […]
RCM Investment Strategy, Earning GS/JPM/INTC/GOOG, Industrial Production Surges, Michigan Sentiment Misses, 60% Of Borrowers Underwater, Fed’s Fisher
Tea Leaves; in the last couple of days there have been a lot of them, so let’s start reading:The tangible parts of GS’s earnings were suspect (Investment Banking -38%, Asset Management -6%, Trading and Principal Investments -7%) while the FICC unit (Fixed Income, Currency, Commodities) showed all the gain. “Net revenues in FICC were $5.99 billion, significantly higher than the […]
Could a Scandal at JPMorgan Chase Create New Jobs?
As many as two-thirds of organizations are said to be ineffective or inefficient in some capacity. Sometimes the inefficiencies are brought on by laziness — other times they are the result of a massive corporate scandal. JPMorgan Chase is one of many multinational institutions that endured a scandal last year. When that happens, investors often run for the hills. But […]