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- Page 23
Archive
Markets on High Alert
AI may make IB analysts redundant, Norway’s wealth fund will not invest in PE, credit card delinquency is the highest on record, China capital markets activity is at a multi-decade low, crypto dived on Iran-Israel tensions, and bank outlooks weighed as markets saw a major selloff.
Busted Inflation Bets
The record-sized rate futures bet blew up, KPMG and Deloitte were fined for exam cheating, commodities giants do not care to IPO, Fitch cut China’s credit rating to negative, options selling is helping temper stock market volatility, and retail investors are loving the risk.
The Spotlight on Jamie Dimon
JPMorgan named potential successors to Jamie Dimon, stock markets are seeing historic levels of crunch and concentration, Dimon released his annual letter to shareholders, and an ex-JPMorgan banker left banking to become Pakistan’s finance minister without pay.
Amazon AI (Anonymous Indians)
JPMorgan reshuffled leadership in IB, layoffs jumped to a 14-month high, commodity trading profits hit a record high, markets reacted to the possibility of zero rate cuts this year, and Amazon reportedly relied on Indian contractors to label purchases at 'Just Walk Out' stores.
Disney vs Hedge Funds
Citi cut jobs in some top IB groups, India is only second to US in ECM deals, Binance named its first board of directors, Ken griffin warned on US debt, yields surged on strong economic data, and Disney may win their heated battle against three activist hedge funds.
Zuckerberg Sliding Into DMs
McKinsey is paying staff to leave, the private credit talent war is being fought in court, corporate borrowers are active like never before, global M&A picked up, SBF received 25 years without parole, and Zuckerberg is personally emailing individuals to join Meta.