Wall Street giants and oil majors continue to roll back support for climate action
JP Morgan Chase
Technological solutions could be transformative in containing global temperatures and saving civilisation. But getting it wrong could exacerbate the crisis
AI bubble a worry but stock valuations not as high as they would appear
Those with the chops to make it to senior management in banking may not want to sit around and wait their turn
Shares slide as lender takes several charges in ‘messy’ final quarter of 2023
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
Remuneration of $31m comes after boss pared back bank’s lossmaking push into retail banking
Despite the cynicism, Davos remains the biggest meeting of business and politics anywhere in the world
US regulator’s approval seen as victory for industry despite warnings about ‘myriad risks’
Euronext Dublin was flat as the week drew to a close but other European markets gained
Biggest US bank forecasts earnings from lending will continue to grow even if Fed starts cutting rates
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
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