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JP Morgan may spend $20bn on acquisitions, but CEO rejects them as growth fix
JPMorgan Chase CEO Jamie Dimon recently said the bank could spend up to $20 billion on an acquisition in the coming years. However, he has warned that mergers and acquisitions should not be viewed as a solution for weak business growth. Speaking to analysts at a recent financial conference in New York, Dimon said that America's biggest bank is open to pursuing the right opportunity, while stressing that management teams should focus on expanding their businesses organically rather than...
JP Morgan CEO vows to fight against Act disputed by banking and crypto industries
Jamie Dimon the CEO of America’s largest bank JPMorgan Chase has sharply critisied Coinbase CEO Brian Armstrong and vowed to oppise the Clarity Act, which is a digital-asset bill advacning through Congress. According to a report by Bloomverg, speaking in a Fox Business interview, Dimon dismissed Armstrong as ‘full of sh**t’ and said that banks ‘will not accept’ the current version of the legislation. The Clairty Act, recenlty advanced by the Seneate Banking Committee, has become a flasgpoint...
Jamie Dimon in China: As AI adoption accelerates, we will hire more AI specialists
America’s largest bank JP Morgan CEO Jamie Dimon recently said that the bank plans to hire more artificial intelligence specialists as the adoption of technology accelerates. Speaking at the bank’s China Summit in Shanghai with Bloomberg, Jamie Dimon said “I think it will reduce our jobs down the road”, adding “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.” Striking a...
More measures on gold coming? Finance ministry asks banks for information on gold loans
In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on gold metal loans and loans backed by gold from 2023 onwards. Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The dozen banks involved in gold imports either borrow gold from international lenders and extend it to jewellers through...
Switch in talks to raise funds at $50 billion-plus valuation, The Information reports
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Will Australia be taken for a ride in the AI and data centre boom?
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Apple shares slide after big Siri AI reveal
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Future Power Rankings: How all 68 Power 4 college football teams stack up
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