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JPMorgan president says a recession may be the price to pay to beat inflation, market bottom not yet

JPMorgan president says a recession may be the price to pay to beat inflation, market bottom not yet

Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, Oct. 18, 2019. Al Drago | Bloomberg | Getty Images JPMorgan Chase President Daniel Pinto has vivid memories of what life is like when a country loses control of …

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Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance

Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance

David Solomon, Goldman Sachs, at the Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in US consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday said the firm was pivoting away from its …

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The perils and promises of quantum computing are approaching.  Here are ways to invest

The perils and promises of quantum computing are approaching. Here are ways to invest

The stark warning came from one of the tech world’s most prominent CEOs. Sitting before an audience at the World Economic Forum in Davos, Switzerland, three years ago, Alphabet CEO Sundar Pichai said quantum computing has the power to transform humanity’s understanding of the natural world, enabling scientists to create new drugs and better batteries, …

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JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block

JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block

The main entrance at JPMorgan’s headquarters in New York City. Eric McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block, CNBC has learned. The bank, a major player in the global payments arena, said that acquiring …

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A 'shakeout' among mortgage lenders is coming, according to the CEO of the bank that left the business

A ‘shakeout’ among mortgage lenders is coming, according to the CEO of the bank that left the business

A sign hangs from a branch of Banco Santander in London, UK, on ​​Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit …

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