Exclusive: Rachel Reeves to lead start-up delegation at Davos January 16, 2026 Rachel Reeves will lead a delegation of entrepreneurs in charge of some of Britain’s fastest growing start-ups to the World Economic Forum in Davos next week, Morning Wire can reveal. The troupe of UK-based founders will join the Chancellor and business secretary Peter Kyle in the Swiss Alps as part of a concerted push by [...]
Jamie Dimon warns markets are under-estimating global risks January 13, 2026 The boss of JP Morgan, Jamie Dimon, has warned global markets not to underestimate current risks, as the US banking giant hiked its provisions for bad loans. The world’s most influential banker said that whilst the US economy had remained “resilient” and consumer and business trends were “generally healthy,” ongoing risks persisted. “Markets seem to under-appreciate [...]
‘It probably could do my job’: New ChatGPT model catches up with junior bank analysts December 12, 2025 OpenAI introduced a new ChatGPT model on Thursday, which they claim is the first to outperform human experts. The software, GPT-5.2, is specifically designed for professional use and was tested using tasks which would typically be assigned to a junior analyst at an investment bank. These included putting together a three-statement model for a Fortune [...]
Wall Street banks toast to $130bn revenue in deal making boom October 15, 2025 Wall Street banks raked in bumper profits, comfortably breezing past analyst expectations in the third quarter, driven by the continued strength of trading desks and a sharp revival in deal making. JP Morgan, Goldman Sachs and Citigroup brushed past estimates on Tuesday, with Jamie Dimon’s banking juggernaut collecting $14.4bn (£10.8bn) in profit – a 12 [...]
Fund managers dumping UK stocks at fastest rate in two decades September 16, 2025 The scale of investor doubts over the British economy has been laid bare after fresh data found fund managers were pulling out of UK stocks at a pace not seen in more than two decades. Average equity allocations to the UK dropped from a net 2 per cent underweight in August to a net 20 [...]
Banking net zero club to change structure after member exodus August 27, 2025 The global banking industry’s climate group will hold a vote on the future of its structure following a mass exodus of members. The Net-Zero Banking Alliance (NZBA) will determine whether it will transform from a membership-based alliance to a “new framework initiative”. It comes after the world’s banking giants fled the group as the financial [...]
How the banking net zero fantasy ran out of gas August 20, 2025 Over the past year, the world’s biggest banks‘ net zero enthusiasm has quickly and quietly dried up. Top lenders have backtracked, diluted or outright abandoned their environmental, social and governance (ESG) policies. The return of President Donald Trump has been highlighted as a turning point for green finance with firms across the financial industry turning sour [...]
Mood towards global economy remains sour August 11, 2025 Fund managers are expecting inflation to rise over the next year as the mood towards the global economy coarsens. Over 40 per cent of fund managers believe the global economy is set to weaken over the next 12 months, with US economic policy and weaker consumer demand seen as the largest forces dragging it down, [...]
Wall Street banking giants ride tariff rebound to booming revenue July 16, 2025 Wall Street’s banking titans have rounded off second-quarter earnings seasons largely breezing past analyst expectations as revenues boomed on the back of market volatility. The lenders continued a trend from the first-quarter with strong trading and investment banking revenues driving a robust performance. JP Morgan pocketed $45.7bn in revenue, outperforming its $44bn estimate. This came [...]
Bank of America analysts slap ‘buy’ rating on Barclays shares May 1, 2025 Bank of America analysts gushed over Barclays’ first-quarter performance, reiterating their ‘buy’ rating on the stock. Analysts said that while geopolitical-related concerns ahead of results were understandable, the lender “printed a strong set of numbers”. The FTSE 100 bank booked a £2.7bn pre-tax profit, ahead of the £2.5bn pencilled in. This was boosted by income [...]