This Month
Why China’s Alibaba has risen from the dead
Alibaba’s shares have surged after it bet big on AI – in a surprise reversal of fortunes for the e-commerce giant, which had fallen out of favour among investors.
- Cecile Vannucci
What Australia’s retiring Wall Street queen learnt from Jamie Dimon
Bankers gathered in New York this week to send off JPMorgan’s head of global investment banking, Jennifer Nason, after 39 stellar years.
- Updated
- Matthew Cranston
Employers link office attendance to pay, bonuses
Some companies around the world are not just stiffening their office mandates but including them in performance metrics.
- Emma Jacobs and Anjli Raval
Macquarie exits green banking alliance in first for local lenders
The company will follow JPMorgan, Citi and Bank of America out of the Net Zero Banking Alliance after the return of Donald Trump to the White House.
- Jonathan Shapiro and James Eyers
Banking VIPs farewell Nason from JPMorgan
Australian connections also abounded as one of this country’s most successful investment bankers stepped back from four decades at JPMorgan.
- Hannah Wootton
Morgan Stanley loses crown as chief Goldman Sachs rival
Both JPMorgan and Evercore generated more financial advisory fees last year, marking a change in the Wall Street guard.
- Joshua Franklin and Sujeet Indap
Corporate America cosies up to Musk with billion-dollar deals
Companies from Boeing to Amazon have sought out the world’s richest man as he seeks to remake the US government.
- Joe Miller, Claire Bushey and Rafe Uddin
North Queensland Airports kicks off $3b sale
The auction is expected to play out over the next six months, with non-binding indicative offers said to be due by April.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Former JPMorgan ECM co-head to lead quant fund manager
The seasoned banker has joined boutique quantitative fund manager East Coast Capital Management as its chief executive.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Show me the money: JPMorgan’s bonus season cheers up bankers
Sources said early signs suggest it would be highly unusual if JPMorgan’s compensation doesn’t rank as top-quartile compared to local rivals – again.
- Sarah Thompson, Kanika Sood and Emma Rapaport
JPMorgan earns biggest-ever annual profit as banking rebounds
The Jamie Dimon-led investment bank reaped a windfall from rebounding markets in the fourth quarter, sending shares up almost 3 per cent.
- Reuters
Jamie Dimon’s top lieutenant departs JPMorgan
The executive shuffle is the latest twist in the long-running question of who will succeed the longest-serving CEO of any major US bank.
- Hannah Levitt
Lawsuits, looting as fire-scarred LA braces for more extreme winds
The blazes have scorched nearly 160 square kilometres and levelled entire neighbourhoods, from Pacific Palisades on the coast to Altadena in the east.
- Laura Curtis and Michelle Ma
LA fires: US insurers brace for losses of up to $32b
JPMorgan analysts on Friday doubled their expectations for insured losses from a day earlier, citing limited progress on containment and the spread to neighbouring areas.
- Lee Harris
This ‘Wall Street Girly’ wants to make wealth more accessible
Vivian Tu is the latest in a long tradition of women talking to women about economics, business and personal finance – and with TikTok she can reach millions.
- Jeanna Smialek
Three assets to sell right now and three to buy for 2025
Leading market strategists say it’s time to take a hard look at your portfolio and sell stocks that have been good to you.
- Andrew Hobbs
December 2024
JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A
While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Health insurance
Why there’s little sympathy for US health insurers
The shooting of UnitedHealthcare CEO Brian Thompson, and admiration for his alleged killer, highlights the problems of a healthcare system many see as broken.
- Oliver Barnes and Oliver Roeder
Sojitz joins forces with JAL affiliate for North Queensland Airports
With earnings of some $115 million this financial year, North Queensland Airports is expected to be worth about $3 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Goodbye, APA! UniSuper sells leftover $340m stake in pipelines giant
It’s been a block bonanza for fund managers and investment banks this week, as founders and institutional investors seek to cash out before Christmas.
- Sarah Thompson, Kanika Sood and Emma Rapaport