J.P. Morgan Chase is the biggest and most profitable American bank by any measure, whether in terms of sales, stock market value or assets. CEO Jamie Dimon and his bank look to benefit from the Trump administration as higher interest rates and lower corporate taxes will translate to about $7 billion more in pretax profit in the coming years.
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Buffett has been gradually building up positions in major financial companies.
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JPMorgan Chase plans to open a fintech campus in Palo Alto, California, part of the bank’s efforts to attract more Silicon Valley talent.
Blockchain debate arrives at Fortune Global Forum.
This is your Data Sheet newsletter for Thursday, October 18, 2018.