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LONDON MARKET MIDDAY: Inflation fears persist ahead of US Fed minutes Wed, 19th May 2021 12:18 (Alliance News) - Stock prices in London were lower at midday on Wednesday as an uptick in UK and eurozone consumer prices heightened inflation concerns, while attention turns to the release in the evening of the minutes of the latest US Federal Reserve policy meeting. The FTSE 100 index was down 77.20 points, or 1.1%, at 6,957.04. The mid-cap FTSE 250 index was down 107.84 points, or 0.5%, at 22,224.96. The AIM All-Share index was down 0.3% at 1,235.49. The Cboe UK 100 index was down 1.2% at 694.60. The Cboe 250 was down 0.5% at19,996.59, and the Cboe Small Companies down 0.7% at 1,230.84. ....
The race to the financial world’s most prized throne Jamie Dimon’s perch atop JPMorgan Chase & Co. is drawing closer to its long-awaited conclusion. When the largest U.S. bank last shook up its leadership two years ago, about a half-dozen names appeared on lists of Dimon’s potential heirs. But another overhaul announced Tuesday pushed two women toward the front of the field: Marianne Lake and Jennifer Piepszak. The bank named them co-heads of its massive consumer and community banking business, a spot that was held by one of Dimon’s two lieutenants, co-President Gordon Smith, who’s retiring at the end of the year. The remaining co-president, Daniel Pinto, is widely seen as the obvious replacement for Dimon in an emergency, but as a less likely candidate in a slow and orderly handoff to the next generation. ....
JPMorgan Shakes Up the Race to Succeed Jamie Dimon Marianne Lake and Jennifer Piepszak get new roles and are potentially pitted against each other. Image Image Jennifer Piepszak, left, and Marianne Lake were named joint heads of JPMorgan’s consumer and community bank.Credit.JPMorgan; Reuters In a position to succeed? JPMorgan Chase announced a major management shuffle yesterday, renewing chatter about a hotly debated topic on Wall Street: Who will succeed Jamie Dimon as C.E.O.? The changes may also pave the way for a woman to lead the United States’ largest bank. Here’s the rundown: Marianne Lake, the bank’s head of consumer lending, and ....
TOP NEWS SUMMARY: Inflation heats up in both eurozone and UK Wed, 19th May 2021 10:41 (Alliance News) - The following is a summary of top news stories Wednesday. COMPANIES The Covid-19 vaccine from Oxford University and AstraZeneca works well as a third booster shot, according to a study, the Financial Times reported, citing people familiar with the matter. A third dose was shown to boost the study participants antibodies to the coronavirus, the newspaper said, despite concern that the immune system might fight off the adenovirus used as a delivery mechanism. Some scientists have feared that repeated use of the adenovirus vector - an inactivated cold virus - could stop the immune system recognising the virus s spike protein. However, the study found the participants immune systems reacted to the adenovirus used to deliver the protein, but it had a far more significant reaction to the protein, according to the FT. Citing another person familiar with the trial, the ....
JPMorgan CEO Dimon succession race puts two women ahead of pack financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.