 | | | | JPMorgan Chase & Co expects its net interest income to grow to $53 billion in 2022, up nearly $3 billion from its prior forecast, Chief Financial Officer Jeremy Barnum said on Friday at a conference hosted by Credit Suisse. | | | | | | European companies hoping to fund M&A and capital expenditures on bond markets this year are facing a sudden jump in borrowing costs and wary buyers after the ECB's shock pivot towards tighter monetary policy. | | | | | | A former employee of investment bank Lazard was sentenced on Friday to an 18-month suspended jail term by a German court after being found guilty of insider trading, a court spokesman said. | | | | | | Non-binding offers for a non-performing loan (NPL) portfolio worth around 5 billion euros ($5.7 billion) put on the block by Greece's bad bank liquidator PQH are due next week, Italy's biggest problem loan manager doValue said. | | | | | | Allianz announced on Friday big bonus cuts for its CEO and board, and a settlement with a "vast majority" of investors, as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its funds arm. | | | | | | China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China's interbank bond market to resolve risks in the property sector. | | | | | | British bank NatWest swung to a hefty profit on the back of the country's economic recovery but said rising prices will make it harder to cut overheads, prompting it to lower its cost-cutting target. | | | | | | German insurer and asset manager Allianz on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of investment funds. | | | | | | Wall Street's biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns, asset price depreciation and companies postponing deals due to market uncertainty. | | | | | | Bank of America Chief Executive Officer Brian Moynihan said the bank's capital markets business "is down" so far in 2022, even as the investment bank continues to see a strong pipeline of customer activity. | | | | | |
