JPMorgan Chase JPMorgan Chase revealed its newest rewards card, the Chase Sapphire Reserve, last summer.  It came complete with a $ 450 annual fee and a bevy of benefits, including an unheard-of 100,000-point sign-up bonus worth about $ 1,500 in travel credit. Suffice to say, the card was hugely popular. It even made the front cover […]

Mary Erdoes, chief executive of asset and wealth management at JPMorgan, just issued a rallying cry.  Speaking to a room full of stock analysts at JPMorgan’s investor day, she provided an impassioned defence of active management and Wall Street research.  “The world is changing and you cannot doubt the ability for human beings to pick good stocks […]

[unable to retrieve full-text content] Associated Press/Ray Illingworth London in 1937 LONDON — The Mayor of London’s office recently released its 2017 report on the state of housing in Britain’s capital, a 114-page report covering almost every imaginable detail about residential property in the city. The report is features a lot data and a whole heap […]

LONDON — British consumer confidence dropped again in February, driven down by Brexit-induced inflation and stagnant wage growth. The news adds to a growing consensus that Britain’s household spending boom will stall over 2017 — and that would leave the economy “extremely vulnerable,” according to Samuel Tombs, chief UK economist at Pantheon Macroeconomics. To understand how […]

The Financial Conduct Authority, Britain’s key financial regulator, warned that a so-called “cliff edge Brexit” — a Brexit with no transitional period — could have a negative impact on Britain’s financial services sector. In a letter from FCA chief executive Andrew Bailey to the head of the House of Commons’ Treasury Select Committee, Andrew Tyrie, the […]

LONDON — Goldman Sachs Asset Management (GSAM) held its second annual “Young Professionals and Future Leaders” conference at its London office last week. The afternoon event was conceived of by two junior employees at GSAM who wanted to host an event that could help them meet their counterparts who worked at companies they work with. […]

[unable to retrieve full-text content] AP Photo/Richard Drew Bill Ackman. It’s time to check in on a Wall Street disaster. Valeant Pharmaceuticals will report earnings on February 28, and analysts up and down Wall Street remain skeptical that the company can get back on its feet after a nightmarish run. Here’s what Wells Fargo analyst […]