
Please try another search
NEW YORK (Reuters) - JPMorgan Chase & Co (NYSE:JPM) head of asset and wealth management Mary Callahan Erdoes said on Wednesday her division of the bank is looking into possible opportunities for add-on acquisitions.
"I wouldn't assume we haven't done anything," Erdoes said when asked why her unit has not announced an acquisition deal. "You've got to kiss a lot of frogs ... (to know) what's out there."
Erdoes, whose division manages institutional client investments and private banking, said there has been a significant increase in deal activity across the industry. While JPMorgan has looked at a number of possible deals, the bar for an acquisition is high, she said.
"I don’t think it’s a good idea to be sitting still," Erdoes said at a virtual conference hosted by Deutsche Bank AG (NYSE:DB).
In the wide-ranging discussion, Erdoes also said lending at the private bank has risen 17% so far this year from 2020.
By Norihiko Shirouzu BEIJING (Reuters) - If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of the...
By Stephen Culp NEW YORK (Reuters) - Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve's latest monetary policy meeting showed policymakers...
By Oliver Gray Investing.com - U.S. stock futures were mixed during Wednesday’s evening deals after major benchmark averages closed higher as investors digested the latest Federal...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.