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Bank of England set to hold rates with bond sales in spotlight

Bank of England set to hold rates with bond sales in spotlight By Andy Bruce Sept 19 (Reuters) - The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget. British inflation held steady in August but sped up in the services sector, which is key for the BoE, showing why forecasters expect interest rates to fa
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US borrowers get quick relief as Fed cuts rates

UPDATE 1-US borrowers get quick relief as Fed cuts rates Banks lower prime lending rates after Fed cut Analysts see potential for lower monthly payments or refinancing Skepticism remains about loan growth fully offsetting lower net interest income Updates with prime rate cuts in paragraphs 1-2, table after last paragraph By Nupur Anand and Saeed Azhar NEW YORK, Sept 17 (Reuters) - U.S.
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JPMorgan - Will Decrease Its Prime Rate By 50 Basis Points To 8.00 Percent, Effective September 19, 2024

BRIEF-JPMorgan - Will Decrease Its Prime Rate By 50 Basis Points To 8.00 Percent, Effective September 19, 2024 Sept 18 (Reuters) - JPMorgan Chase & Co JPM.N : JPMORGAN - WILL DECREASE ITS PRIME RATE BY 50 BASIS POINTS TO 8.00 PERCENT, EFFECTIVE SEPTEMBER 19, 2024 Source text for Eikon: [ID:] Further company coverage: JPM.N
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JPMorgan lowers prime lending rate after Fed's rate cut

JPMorgan lowers prime lending rate after Fed's rate cut Sept 18 (Reuters) - JPMorgan Chase JPM.N said on Wednesday the bank has lowered its prime lending rate by 50 basis points to 8%, effective Thursday, following the U.S. Federal Reserve's interest rate cut . Reporting by Pritam Biswas in Bengaluru; Editing by Shounak Dasgupta
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Ascendis Pharma slips after $300 mln share offering launch

BUZZ-Ascendis Pharma slips after $300 mln share offering launch ** U.S.-listed shares of Ascendis Pharma ASND.O down 4.3% at $142.50 in extended trading as co seeks equity raise ** Denmark-based biopharma announces $300 mln offering of American depositary shares (ADSs) ** JP Morgan, Morgan Stanley, Evercore and Goldman Sachs are jt bookrunners ** On Mon, ASND shares closed up ~17% at $139.57 after co said its achondroplasia therapy TransCon CNP met main goal in trial to treat dwarfism ** Shares
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US big banks rise after Fed cuts interest rates

BUZZ-US big banks rise after Fed cuts interest rates ** Economy-sensitive U.S. large-cap bank stocks rise in volatile afternoon trading after the U.S. Federal Reserve cuts benchmark interest rates by 50 basis points; KBW Banks Index .BKX up 0.8% ** JPMorgan Chase JPM.N , Wells Fargo WFC.N , Goldman Sachs GS.N , Morgan Stanley MS.N , Citigroup C.N and Bank of America BAC.N gain between 1% and 2.2% ** Rate cuts are expected to revitalize loan demand, deals activity and reduce unrealized losses on
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MercadoLibre secures $250 million financing from JPMorgan to expand fintech's credit profile in Mexico

UPDATE 1-MercadoLibre secures $250 million financing from JPMorgan to expand fintech's credit profile in Mexico Adds context, details MEXICO CITY, Sept 18 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O announced on Wednesday that it signed a $250 million financing deal with JPMorgan JPM.N aimed at expanding its fintech arm Mercado Pago's credit profile in Mexico.
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JPMorgan takes on Wall Street's overwork concerns with new role, memo shows

JPMorgan takes on Wall Street's overwork concerns with new role, memo shows Sept 18 (Reuters) - JPMorgan Chase JPM.N has created a new role that will oversee its junior bankers and analysts amid a focus to tackle the persistent problem of overworking on Wall Street. Ryland McClendon, a near 14-year JPMorgan veteran, has been named as the global investment banking associate and analyst leader, according to an internal memo sent earlier this month and seen by Reuters on Wednesday.
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MercadoLibre secures $250 million financing from JP Morgan to expand fintech's credit profile in Mexico

MercadoLibre secures $250 million financing from JP Morgan to expand fintech's credit profile in Mexico MEXICO CITY, Sept 18 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O signed a $250 million financing deal with JPMorgan JPM.N aimed at expanding its fintech arm Mercado Pago's credit profile in Mexico, MercadoLibre said on Wednesday.
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JPMorgan hires Ryland McClendon for new role overseeing junior bankers- CNBC

MEDIA-JPMorgan hires Ryland McClendon for new role overseeing junior bankers- CNBC -- Source link: https://tinyurl.com/mrxvbpxv -- Note: Reuters has not verified this story and does not vouch for its accuracy
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PJT Partners to buy Dubai-based advisory firm in Middle East push

PJT Partners to buy Dubai-based advisory firm in Middle East push Sept 18 (Reuters) - U.S. investment bank PJT Partners PJT.N known for steering high-profile companies like WeWork and LATAM Airlines through bankruptcies, has agreed to buy Dubai-based advisory firm deNovo Partners. The deal, expected to close next month, will help PJT expand its presence in the Middle East and give it access to a client base comprising prominent businesses and government-related entities.
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Grinta completes full divestment of Moncler shares

Grinta completes full divestment of Moncler shares Sept 18 (Reuters) - Grinta, a shareholder of Italian fashion group Moncler, has completed a secondary accelerated bookbuilding (ABB) priced at 49.8 euros ($55.43) per share to sell its residual stake in the company, a bookrunner said on Wednesday. In March, the Rivetti family, which also controls Grinta and is linked to Carlo Rivetti, founder of the Stone Island brand, sold its shares through an earlier ABB for 67 euros per share.
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JPMorgan CEO Jamie Dimon to visit Africa in growth push

RPT-EXCLUSIVE-JPMorgan CEO Jamie Dimon to visit Africa in growth push Repeats with no changes to text Dimon to visit Kenya, Nigeria, South Africa, and Ivory Coast in mid-October JPMorgan aims to expand in Africa despite past regulatory hurdles Global banks target Africa for sovereign debt, corporate transactions, and wealth management By David Lewis, Nupur Anand, Duncan Miriri NAIROBI/NEW YORK, Sept 17 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon plans to travel to Africa in mid-October in a
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JPMorgan CEO Jamie Dimon to visit Africa in growth push

RPT-EXCLUSIVE-JPMorgan CEO Jamie Dimon to visit Africa in growth push Repeats with no changes to text Dimon to visit Kenya, Nigeria, South Africa, and Ivory Coast in mid-October JPMorgan aims to expand in Africa despite past regulatory hurdles Global banks target Africa for sovereign debt, corporate transactions, and wealth management By David Lewis, Nupur Anand, Duncan Miriri NAIROBI/NEW YORK, Sept 17 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon plans to travel to Africa in mid-October in a
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African Markets - Factors to watch on Sept 18

African Markets - Factors to watch on Sept 18 NAIROBI, Sept 18 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. GLOBAL MARKETS The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.
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JPMorgan CEO Jamie Dimon to visit Africa in growth push

EXCLUSIVE-JPMorgan CEO Jamie Dimon to visit Africa in growth push Dimon to visit Kenya, Nigeria, South Africa, and Ivory Coast in mid-October JPMorgan aims to expand in Africa despite past regulatory hurdles Global banks target Africa for sovereign debt, corporate transactions, and wealth management By David Lewis, Nupur Anand and Duncan Miriri NAIROBI/NEW YORK, Sept 17 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S.
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JPMorgan in talks with Apple over Goldman credit card partnership, source says

UPDATE 3-JPMorgan in talks with Apple over Goldman credit card partnership, source says Updates with sourcing throughout JPMorgan-Apple talks started earlier this year, advanced recently Goldman facing costly exit from Apple partnership, seen as risky Goldman refocuses on investment banking, trading after consumer banking losses Sept 17 (Reuters) - JPMorgan Chase JPM.N is i n talks with Apple AAPL.O about replacing Goldman Sachs GS.N as the tech giant's credit-card partner , a source familiar wi
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JPMorgan in talks with Apple to take over credit card program from Goldman, WSJ reports

JPMorgan in talks with Apple to take over credit card program from Goldman, WSJ reports Sept 17 (Reuters) - JPMorgan Chase JPM.N is talking with Apple AAPL.O about taking over the tech giant's credit-card program from Goldman Sachs GS.N , the Wall Street Journal reported on Tuesday. Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur
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JPMorgan In Talks With Apple To Take Over Credit Card From Goldman - WSJ

BRIEF-JPMorgan In Talks With Apple To Take Over Credit Card From Goldman - WSJ Sept 17 (Reuters) - JPMORGAN IN TALKS WITH APPLE TO TAKE OVER CREDIT CARD FROM GOLDMAN - WSJ JPMORGAN CHASE COULD BECOME THE NEW APPLE CREDIT-CARD ISSUER BUT IS SEEKING CONCESSIONS - WSJ Source text : https://tinyurl.com/23vjuzc3 Further company coverage: AAPL.O
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Biopharma co Nuvalent slips after upsized $500 mln stock offering priced

BUZZ-Biopharma co Nuvalent slips after upsized $500 mln stock offering priced ** Nuvalent's NUVL.O shares down 2.9% premarket to $108.89 after upsized follow-on priced ** Biopharma firm late Mon announced 5 mln shares at $100 for $500 mln raise ** Deal size boosted from $350 mln, priced at 10.8% discount to stock's last sale ** NUVL shares on Mon surged 28.2% to record high close $112.17 after co presented promising data from early-stage study for its cancer therapy, NVL-655 ** With ~64.8 mln sh
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