Locked content FTSE upgrade could cost WSE $340 mln – JP Morgan

According to JP Morgan, the recent upgrade of the Warsaw Stock Exchange to a developed from the advanced emerging category by FTSE could cost the Warsaw bourse $340 million in net outflows. In the developed index, WSE will only reach 0.38 percent value of the whole index, while in the emerging one, ...
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JP Morgan to hire 3k people in its Warsaw center

JP Morgan confirmed the news that it will open its global operations center in Warsaw which will bring in some 3,000 jobs. “JP Morgan sees strong human capital in Poland, ready for the challenges of the future. We also see an economic structure that is excellent for our company,” the bank’s Managing...

Locked content JP Morgan to open new center in Warsaw

Global financial institution JP Morgan Chase will locate its new global operations center in Warsaw, Deputy PM Mateusz Morawiecki said. According to him, the investment will bring some several thousand jobs mostly for “people with competences such as in data management, risk management, credit risk ...

Locked content Morawiecki: JP Morgan to move some operations to Poland

Global financial institution JP Morgan Chase plans to move some of its operations to Poland, deputy PM Mateusz Morawiecki said after talking to the bank’s top executives in New York. “The operations we’ve discussed are focused mostly on support processes for the risk management, credit, and investme...

Locked content JP Morgan with over 5% stake in GetBack

Funds managed by JP Morgan Asset Management bought 4.3 million shares representing 5.38 percent stake in the WSE-listed debt collector GetBack. The sale of the shares resulted from the settlement of the pre-financing granted to JP Morgan Asset Management by the Haitong Bank in the bookbuilding proce...

Locked content JP Morgan to open back office center in Warsaw – Reuters

According to sources quoted by Reuters, the US bank JP Morgan Chase will open its new back office operations center in Warsaw. The headquarter will employ some 2,500 people and service the lender’s Asian and European business. “Only Warsaw has a job market which is deep enough to bear with suc...

JP Morgan increases its forecast for Poland’s GDP growth

JP Morgan economists have revised their GDP forecasts for Poland to 3.4 percent in 2017 (from the previous 3 percent) and to 3.2 percent in 2018 (from 3.1 percent). Furthermore, the bank doesn’t expect inflation to reach the Polish Central Bank (NBP) target of 2.5 percent and expects the interest ra...

Locked content JP Morgan and Citi top new FSB list of financial influencers

A report released by the Financial Stability Board on Monday listed the US-based banks JPMorgan and Citi at the top of a list of 30 banks whose size and complexity makes them highly influential players on the financial markets. Because the banks have been designated as posing the “greatest risks to ...

Locked content JP Morgan lowers Poland’s GDP growth forecast

Investment bank JP Morgan has reviewed Poland’s GDP growth forecast and lowered it to 3.1 percent in 2016 and 3 percent in 2017 citing Brexit as the reason. In the previous forecast, the lender said that GDP would grow by 3.8 percent in 2016 and 3.4 percent in 2017. JP Morgan also predicts tha...