In early 2015, I found myself presenting economic projections, via simultaneous translation, to an audience of po-faced Russian economists gathered in Moscow. We had gathered there at the Russian Presidential Academy of National Economy and Public Administration for an annual event where the government sets its economic agenda. But the […]
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JPMorgan warns of missed target as costs jump and deals slow
JPMorgan Chase reported record full-year earnings of $48.3bn, boosted by booming deal activity, but warned that rising costs would hurt profits in 2022. The cautious outlook from the largest US bank by assets set a muted tone at the start of the earnings season, sent JPMorgan’s shares down by more […]