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Business News > Mint Authors > Hugh Son

Hugh Son

ARTICLES BY HUGH SON

Alexa is able to send analysts’ reports and related queries, and the JP Morgan is testing other features, like providing prices on bonds or swaps. Photo: Bloomberg

JPMorgan brings Alexa to Wall Street trading floors

3 min read . 28 Mar 2018

Goldman Sachs is setting up a trading desk to make markets in digital currencies such as bitcoin, according to a report. Photo: Reuters

Goldman Sachs is said to be building a cryptocurrency trading desk

1 min read . 22 Dec 2017

For its part, bitcoin rose 9.6% to $17,148 on Monday—a roughly 17-fold advance this year. Photo: AFP

Bitcoin’s first 24 hours on Wall Street feed euphoria and doubts

3 min read . 12 Dec 2017

JPMorgan total revenue rose 2.7% to $26.2 billion, topping the $25.6 billion estimate. Photo: Bloomberg (Bloomberg)

JPMorgan Q3 profit rises as revenue at commercial bank surges to record

2 min read . 12 Oct 2017

Markets revenue at JPMorgan was down about 15% in April and May from a year earlier, driven by a slump in fixed income. Photo: Bloomberg

JPMorgan, Bank of America trading revenue on pace to drop at least 10%

3 min read . 01 Jun 2017

BlackRock has made no secret that it planned to put more pressure on vendors. President Rob Kapito said in a conference call last year that it would seek concessions as it tries to keep a lid on expenses. Photo: Reuters

BlackRock’s $1 trillion JPMorgan move shows cost strategy

3 min read . 26 Jan 2017

Firms including Bank of America and Morgan Stanley are in the midst of cost-cutting plans. Photo: Bloomberg

Wall Street’s Trump bonanza won’t avert job cuts at banks in 2017

2 min read . 30 Dec 2016

Citigroup Inc. agreed earlier this year to pay $425 million to resolve a CFTC claim that it tried to rig interest-rate benchmarks from 2007 to 2012. Photo: Bloomberg

Citigroup says US regulator is investigating interest-rate swap business

1 min read . 31 Oct 2016

Dimon, who was treated for throat cancer in 2014, said he’s in good health and will probably be CEO for another five years. Photo: AFP

Time for Fed to raise interest rates, says JPMorgan Chase CEO

2 min read . 13 Sept 2016

JPMorgan’s revenue figure included $3.96 billion from fixed-income trading, a 35% increase, beating the $3.57 billion estimate of analysts. Photo: Bloomberg

JPMorgan profit beats estimates on bond trading, loan growth

2 min read . 14 Jul 2016

Compared to other banks, the cuts at JPMorgan, Wall Street’s largest fixed-income shop by revenue, due to tepid bond trading in emerging markets, are less regular and smaller in scale. Photo: Bloomberg

JPMorgan said to cut credit traders amid emerging-market swings

1 min read . 11 Mar 2016

Investment bankers advised a record $4.2 trillion of announced mergers and acquisitions in 2015, led by blockbuster deals in pharmaceuticals, telecom and technology companies. Photo: AFP

These will be Wall Street’s most in-demand positions next year

4 min read . 29 Dec 2015

The cuts at Morgan Stanley’s ‘lousy’ fixed-income unit could spark job cuts of between 1,500 and 2,500 workers and savings of about $500 million, or about 20 cents to 25 cents a share. Photo: Bloomberg

Morgan Stanley said to plan global fixed-income job cuts

3 min read . 01 Dec 2015

Pay will probably drop 20% for traders of high-yield debt, crude oil and loans, according to Options Group. Photo: Bloomberg

These Wall Street jobs are poised for biggest swings in pay

2 min read . 18 Nov 2015

The firm said it expects to book a €5.8 billion writedown as higher capital requirements reduce the value of its investment bank and it adjusts the estimate of what it will receive in the disposal of its Postbank unit. Photo: Reuters

Deutsche Bank braces for $7 billion loss, may scrap dividend

4 min read . 08 Oct 2015

James B. ‘Jimmy’ Lee, vice chairman at JPMorgan Chase and Co. Photo: Bloomberg

JPMorgan vice chairman Jimmy Lee dies unexpectedly at age 62

1 min read . 18 Jun 2015

Under Dimon, JPMorgan has become what most analysts consider the best-run of the universal banks, which have both consumer banking and Wall Street operations. Photo: Jason Alden/Bloomberg

JPMorgan’s Jamie Dimon becomes billionaire ushering in era of the megabank

4 min read . 03 Jun 2015

It is cooperating with a criminal investigation by the department of justice as well as inquiries by the Commodity Futures Trading Commission and regulators in Britain and elsewhere. Photo: AFP

JPMorgan faces US criminal probe into currency trading

1 min read . 04 Nov 2014

Fixed-income trading revenue rose 2% to $3.5 billion, fueled by strength in currencies and emerging markets. Photo: Bloomberg

JPMorgan Chase posts Q3 net income of $5.6 billion

2 min read . 14 Oct 2014

Morgan Stanley will report earnings later in the week. Photo: AFP

Morgan Stanley bankers poised for biggest Wall Street bonus bump

6 min read . 09 Oct 2014