Jp Morgan Chase & Co's

JP Morgan gives 'overweight' rating to 4 Adani bonds on growth capability

US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd. JP Morgan gives three kinds of ratings for bonds - 'Overweight' rating which falls into a buy rating category; Neutral rating which falls into a hold rating category; and 'Underweight' which rating falls into a sell rating category. Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges, successful refinancing of the upcoming ...

RBI approves Pranav Chawda's appointment as JP Morgan Chase Bank India CEO

J P Morgan Chase Bank India on Wednesday said it will elevate Pranav Chawda as its chief executive officer. The unit of American banking major J P Morgan said it has received the Reserve Bank's approval for Chawda's appointment as the CEO of the banking entity in India. Chawda joined J P Morgan in 2019, and has been heading the commercial banking vertical. His responsibilities will now get expanded, under which he will also head the corporate banking entity, as per an official statement. In order to improve client experience, the entity is integrating its commercial and corporate banking in India, which is also in line with the firm-wide announcement early this year. "As CEO of our banking entity, Pranav's experience and deep understanding of the local market will enable him to play a pivotal role in driving corporate banking business forward," J P Morgan's senior country officer and vice-chairman for Asia Pacific Kaustubh Kulkarni said. He added that the entity is looking to ...

JPMorgan chief Dimon likely to consider a role in Harris administration

The CEO of the largest US bank has long been floated for senior positions on US economic policy

StanChart unveils $1.5 bn share buyback, bets on eco growth at Asian mkts

The property market recovery in China "remained slower than expected amidst government support measures", and the bank continues to monitor its portfolios, Stanchart's Chief Risk Officer said

JPMorgan raises $9 billion of bonds in post-earnings spree: Report

The deal comes after the bank reported record profit as investment bankers and equities traders smashed expectations and the firm took a multibillion-dollar gain tied to a Visa Inc. share exchange

JP Morgan India bond index inclusion impact: Weight cut likely for 3 EMs

To accommodate India's 10 per cent weight in the GBI EM index, HSBC said in a recent note, a reweighting will occur for other EM peers in the index, which will see a reduction in their weights.

JPMorgan to increase India headcount by 5%-7% over next few years: Top exec

The New York-based lender already employs about 55,000 people, about a fifth of its global workforce, across five Indian cities

Indian bonds best bet in Asia for JPMorgan asset before inclusion

JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion

Foreign investors eye Indian long-term bonds as JPMorgan inclusion nears

Along with direct purchases, foreign investors have leaned on derivative proxies to gain exposure to Indian bonds

India needs its own JP Morgans, Citibanks around the world: Niti Aayog CEO

Subrahmanyam calls for financial sector with the 'muscle' to serve firms in India and across the world

JPMorgan's inclusion of Indian bonds into index to aid private credit mkt

Once the change takes effect on June 28, it will be easier to compare the performance of an Indian credit fund with an investment in Singapore, Korea or the US, said the head of BPEA Credit

Hoping for soft landing for US economy, stagflation possible: Jamie Dimon

JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained cautious about the US economy and said inflation may be stickier for longer and that stagflation is on the list of possible things that could happen to the US economy. You should be worried about (the possibility of stagflation), Dimon said. Dimon did emphasise that he's still hopeful for the US economy to experience a soft landing, where growth slows but the economy avoids a recession even if inflation remains a little high, but he's not certain that is the most likely outcome. I'm just a little more dubious than others that a (soft landing) is a given, he said. The Fed rapidly raised interest rates in 2022 and 2023 after inflation reached the highest level in four decades. Fed officia

JPMorgan India's ECM head Abhinav to leave, Arvind Vashistha to replace

India has become one of the hottest markets for deals including initial public offerings in Asia Pacific as global investors seek to tap on the South Asian nation's growth potential

JPMorgan's CEO urges US Fed to wait past June before cutting rates

Markets see an 84% probability the Fed will lower rates in June and have priced in 90 basis points of cuts for the year

JPMorgan Chase joins France's payments network CB to avoid Visa, Mastercard

For payments made locally in France, it's usually cheaper for merchants run them over Cartes Bancaires

Goldman Sachs beats JP Morgan to emerge best provider for merger advice

The bank ended up with a 31% share of the global take for merger advice, edging past JPMorgan Chase & Co., which was in the lead at the year's midpoint, according to data compiled by Bloomberg

Will bankers ever learn?

Basel-III capital norms, which bankers oppose, are beneficial for both banks and the economy

Explained: What JP Morgan's bond inclusion means for India, markets, rupee

The move could attract more foreign investments into bonds, strengthen the rupee and improve India's credit rating

Despite JP Morgan move, analysts remain watchful of bank stocks; here's why

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

India's inclusion in EM bond index can spark higher FX volatility: Bankers

The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate