Core Viewpoint - Ramsay Health Care plans to distribute its 52.79% stake in Ramsay Sante to shareholders, effectively separating from the French-listed business [1]. Group 1: Company Actions - Ramsay Health Care will separate from Ramsay Sante by distributing its majority stake to shareholders [1]. - The decision marks a significant strategic shift for Ramsay Health Care, indicating a focus on its core operations outside of the French market [1].

against JPMorgan is one of at [least six] that Trump has brought in his personal capacity since returning to the presidency.Reporting by Tom Hals in Wilmington, Delaware; Editing by Daniel WallisOur Standards: [The Thomson Reuters Trust Principles., opens new tab][Purchase Licensing Rights]## Read Next / Editor's Picksago [Worldcategory][Trump administration expands ICE authority to detain refugees]ago [Governmentcategory][US military's ban on enlistment by people with HIV upheld by appeals court]agoANALYSI ...

欧洲央行周四在一份声明中表示，摩根大通欧洲分支因错误计算风险加权资产而虚报资本要求，被欧洲 央行罚款1218万欧元（1432万美元）。 欧洲央行表示，在2019年至2024年期间，该银行上报的风险加权资产低于应有水平；出现这种情况的原 因是，该银行连续15个季度对企业风险敞口进行了错误分类，并对其适用了低于银行规则规定的信用风 险加权。 责任编辑：李桐 欧洲央行周四在一份声明中表示，摩根大通欧洲分支因错误计算风险加权资产而虚报资本要求，被欧洲 央行罚款1218万欧元（1432万美元）。 欧洲央行表示，在2019年至2024年期间，该银行上报的风险加权资产低于应有水平；出现这种情况的原 因是，该银行连续15个季度对企业风险敞口进行了错误分类，并对其适用了低于银行规则规定的信用风 险加权。 欧洲央行补充说，该银行在计算风险加权资产时还不适当地排除了某些交易，这一决定可能会受到欧盟 法院的质疑。 摩根大通表示承认罚款，并已采取补救措施。 摩根大通一位发言人称，摩根大通证券主动发现并自我报告了这些问题，现在这些问题已经得到了完全 纠正，摩根大通证券一直保持着强大的资本缓冲，稳健、审慎的资本化方法保持不变。 责任编辑： ...

Core Insights - U.S. firms, particularly midsized businesses, experienced a tripling of tariffs in 2025, indicating significant economic disruption due to increased import taxes initiated by the Trump administration [1][1][1] Group 1: Tariff Impact on Businesses - Midsized U.S. businesses, employing 48 million people, have had to absorb the increased tariff costs by raising prices, reducing workforce, or accepting lower profits [1][1] - The average tariff rate increased from 2.6% to 13% under the Trump administration, contributing to higher operational costs for these businesses [1][1][1] Group 2: Changes in Supply Chains - The analysis suggests a shift away from transactions with China, with payments to Chinese suppliers being 20% lower than in October 2024, although the exact reasons for this decline remain unclear [1][1] - Companies are adjusting their supply chains to minimize exposure to tariff increases, indicating a potential reconfiguration of sourcing strategies [1][1] Group 3: Economic Analysis and Reactions - The JPMorganChase Institute's report counters claims from the Trump administration that foreign entities bear the burden of tariffs, highlighting that U.S. companies and consumers are primarily affected [1][1] - The report reflects ongoing adjustments by businesses in response to tariffs, with further studies planned to understand the long-term implications [1][1]

JPMorgan said President Donald Trump “fraudulently” named the bank’s CEO, Jamie Dimon, as a defendant in his lawsuit over closure of his accounts in order to file the case in Florida state court. https://t.co/14AMphSj9M ...

Core Viewpoint - The European Central Bank (ECB) has imposed two administrative penalties totaling €12.18 million on JPMorgan's European branch due to misreporting of risk-weighted assets [1] Group 1: Regulatory Actions - The penalties were issued because the bank reported risk-weighted assets that were lower than the actual amounts that should have been reported from 2019 to 2024 [1] - The ECB identified that the bank incorrectly classified company risk exposures for 15 consecutive quarters, applying credit risk weights that were below regulatory requirements [1] - Additionally, for 21 consecutive quarters, the bank improperly excluded certain trades when calculating risk-weighted assets related to credit valuation adjustments [1] Group 2: Impact on Risk Assessment - The erroneous data submitted by the bank hindered the ECB's ability to fully understand the bank's risk profile [1]

Key TakeawaysUS Crude inventories plunged by 9.014 million barrels, a massive surprise compared to analyst expectations of a 1.65 million barrel build, sending oil futures sharply higher.Blue Owl Capital (OWL) halted redemptions at one of its funds, triggering a broader sell-off in private credit stocks as liquidity concerns surfaced.The European Central Bank (ECB) sanctioned JPMorgan Chase (JPM) with a €12.18 million fine for misreporting capital requirements.Mortgage rates continued their downward trend, ...

Core Insights - The JPMorgan Chase Institute's analysis indicates that aggressive trade policies in 2025 have created a significant divide between midsize American businesses and Chinese suppliers, resulting in substantial costs for U.S. companies [1][2]. Group 1: Impact of Trade Policies - The report titled "Tracking international payments: How are midsize firms reacting to tariffs?" highlights that midsize firms are under historic pressure but are managing to adapt [2]. - Following tariff rate increases and new universal tariffs in April 2025, monthly tariff payments by midsize firms have tripled compared to early 2025 levels [3]. - Outflows from midsize U.S. firms to China have decreased by approximately 20% since 2024, indicating a successful reduction in reliance on Chinese manufacturing [4]. Group 2: Shifts in Supply Chains - Despite the reduction in payments to China, outflows to other regions such as Southeast Asia, Japan, and India have increased, suggesting a trend of "import substitution" as U.S. firms seek alternative suppliers [5]. - American businesses are not fully reshoring operations but are instead engaging in a costly search for new suppliers to avoid high tariffs [4]. Group 3: Financial Health of Midsize Firms - The financial health of midsize firms is at risk as they are often too large to evade regulatory scrutiny but lack the scale to absorb sustained cost increases compared to larger multinational corporations [6]. - The burden of new tariffs has disproportionately affected existing importers, with the majority of increased government revenue coming from firms already paying tariffs, intensifying financial pressure on them [7].

The European Central Bank fined JPMorgan's European arm 12.18 million euros ($14.32 million) for misreporting capital requirements after it wrongly calculated risk-weighted assets, the ECB said in a s... ...

Core Viewpoint - Chase is committed to expanding its physical branch presence by hiring more employees, renovating existing outlets, and opening new branches, reflecting a long-term strategy that dates back to the post-financial crisis era [1][2]. Group 1: Branch Expansion Strategy - Chase plans to hire an additional 1,100 retail banking employees, renovate 600 outlets, and open 160 new branches, aiming to add over 10,500 consumer bank staff by the end of the year [1]. - The branch strategy is rooted in a goal set around 2024 to add more than 500 branches by 2027, continuing a trend established after the 2008-2009 financial crisis [1]. Group 2: Branch Network Comparison - Chase's branch network has decreased slightly from 5,229 branches in 2009 to approximately 4,993 today, a reduction of only 236 outlets or 4.5% [3][5]. - In contrast, Bank of America and Wells Fargo have seen significant reductions in their branch networks, with Bank of America down by 2,598 branches (almost 42%) and Wells Fargo down by 2,553 branches (about 38%) since 2009 [5]. Group 3: Market Position and Deposits - Chase became the largest US bank by deposits in 2020, surpassing Bank of America, and has maintained this position every year since [6]. - The overall trend in the US shows a decline in branch numbers, but the rate of closure is slower compared to the UK and much of Europe [7]. Group 4: Branch Density - The total number of US bank branches peaked at 99,550 in 2009 and has since fallen to around 74,000, resulting in a branch density of 21.7 branches per 100,000 people [8]. - In comparison, the UK has approximately 4,600 bank branches serving a population of 69 million, leading to a branch density of about 6.6 branches per 100,000 people, which is less than one-third of the US figure [8].