JPMorgan Chase & Co

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• DJ New York Community Bancorp to Sell $5B in Warehouse Loans to JPMorgan Chase Bank, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: JPM, NYCB
  By Sabela Ojea New York Community Bancorp said it is selling $5 billion in warehouse loans to JPMorgan Chase Bank as the bank focuses its efforts toward improving its financial position. Regional lender New York Community Bancorp on Tuesday said that the deal would improve its capital ratio equity Tier 1 ratio--a key measure of balance-sheet strength--by 65 points, to 10.8%, as of March 31. The agreement would also bolster New York Community Bancorp's liquidity profile as it plans to reinvest the proceeds of the sale into cash and securities, the bank said. On a pro-forma basis, the ratio of cash and securities to total assets is projected to rise to 24% from 20%. The lender's loan-to-deposit ratio is expected to decline to 104% from 110% at the end of the first quarter of 2024. "Consistent with my guidance during our recent earnings call, we are moving forward quickly to implement our strategic plan, which focuses on improving our capital, liquidity and loan-to-deposit metrics," Chief Executive Joseph Otting said. Write to Sabela Ojea at sabela.ojea@wsj.com (END) Dow Jones Newswires May 14, 2024 18:52 ET (22:52 GMT)

• *DJ NY Community Bancorp to Sell About $5B in Warehouse Loans to JPMorgan Chase Bank, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: JPM, NYCB

• Jpmorgan Chase Insider Sold Shares Worth $2,347,065, According to a Recent SEC Filing, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: JPM
  04:47 PM EDT, 05/14/2024 (MT Newswires) -- Marianne Lake, CEO, Consumer & Community Banking, on May 14, 2024, sold 11,734 shares in Jpmorgan Chase (JPM) for $2,347,065. Following the Form 4 filing with the SEC, Lake has control over a total of 221,0...

• JPMorgan Chase Commits £40 Million More to Help Drive Sustainable Economic Growth in the United Kingdom, from 17 hours ago by Business Wire

  17 hours ago by Business Wire
  Companies Mentioned: JPM

  --Plans to kick start a new programme to help fintechs create financial management tools to support individuals and entrepreneurs

  --Builds on lessons learned from the firm's investment history in the U.K. and other communities around the world

• JPMorgan Chase Commits GBP40 Million More to Help Drive Sustainable Economic Growth in the United Kingdom, from 17 hours ago by Dow Jones

  17 hours ago by Dow Jones
  Companies Mentioned: JPM
  
  Over the last five years, through its support for non-profit organisations, the firm has helped to support:
  -- 33,000+ low income households to reduce their debt and improve their financial health -- 10,800+ entrepreneurs to grow their businesses -- 9,000+ individuals to access apprenticeships or full and part-time employment