Latest news with #HannahLevitt
Bloomberg
15-07-2025
- Business
- Bloomberg
Wells Fargo's Assets Breach New Threshold After Shackle Lifted
By and Hannah Levitt Save Wells Fargo & Co. just did something it hasn't been able to do for more than seven years: Cross the $1.95 trillion asset mark. The bank's total assets stood at $1.98 trillion at the end of the second quarter, an increase that followed its long-anticipated freedom from a Federal Reserve cap. The central bank said it lifted the shackle — which restricted it from growing beyond its size at the end of 2017 — in June.
Bloomberg
11-07-2025
- Business
- Bloomberg
Big Banks Are Tired of Losing Recruits to Private Equity
By and Hannah Levitt Save JPMorgan Chase & Co. bosses grew curious last summer as they clocked an unusual number of absences at the training sessions that kicked off their ultra-competitive junior analyst program. The reason, they discovered: new recruits had skipped the mandatory onboarding to interview at private equity firms for their second jobs — even though they were just days into their first.
Bloomberg
26-02-2025
- Business
- Bloomberg
JPMorgan's $60 Billion Bet on Direct Lending
Welcome to Going Private, Bloomberg's twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we're looking at JPMorgan's grand plans in direct lending, private equity's brand awareness problem and more regulators casting their eyes across the industry. If you're not already on our list, sign up here. Have feedback? Email us at goingprivate@ — Silas Brown. This week, my colleague Hannah Levitt broke the news that JPMorgan, one of the world's largest banks, has set aside $50 billion to capture a chunk of the direct-lending market after already deploying more than $10 billion.
