India expects billions of dollars inflows as bonds join the JPMorgan index

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. India is likely to welcome billions of dollars of foreign inflows if JPMorgan adds the country’s sovereign debt to its emerging markets index on Friday, a move that some analysts say will make the country … Read more

JPMorgan is raking in more than $15 billion from wealthy clients looking to lower their tax bills

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. JPMorgan Chase has attracted more than $15 billion in assets from wealthy clients for its emerging tax strategy arm, according to people familiar with the matter, as the U.S. bank looks to acquire a larger … Read more

Derivation of the new salaries and bonuses for JPMorgan and Goldman MDs in London

Now that we know for sure that JPMorgan and Goldman Sachs are jettisoning the EU bonus cap, inflating London bonuses and cutting salaries with varying degrees of enthusiasm, we can make informed assumptions about what happens beyond pay for their most senior staff. Get morning coffee ☕ in your inbox. Register here. The bonus cap, … Read more

Morning Coffee: JPMorgan bonuses can be increased fivefold. Goldman Sachs could rise 12.5x. A London banker wants to take on the US and save the world

The Brexit bonus is baaack JPMorgan. The bank has decided to take advantage of amended UK legislation to allow the payment of bonuses of up to ten times basic salary to risk takers (senior staff) at its London branch (compared to twice under the old, EU derived regulations). It is similar to, although subtly different … Read more

How the ‘woke capitalist’ gravy train shuddered to a halt

McKinsey stated in 2019 that 90% of America’s 500 largest companies are now preparing an ESG report – reams of paper meant to prove that the companies are saving society and the planet. Consultants and analysts also spend a lot of time arguing that ESG is a more profitable way to invest. In a series … Read more

Morning Coffee: JPMorgan analyst hack comes to juniors at Wells Fargo. Balyasny’s British team will take a heavy pay cut

JPMorgan’s investment banking analysts are now largely back in the office. But when that wasn’t the case and they complained about attempts to monitor their diligence at home, they found a way around the bank’s surveillance systems: mouse pushers. Get morning coffee ☕ in your inbox. Register here. Mouse jigglers were first reported to JPMorgan … Read more