According to a report from Reuters, the global banking unit of JPMorgan Chase made several changes to its leadership team, including appointing Bregje de Best and James Roddy to co-lead global corporate banking.
Small and midsize business leaders are sharing a more balanced outlook heading into 2024 while pulling back from previous predictions of a near-term recession, according to JPMorgan Chase’s 2024 Business Leaders Outlook survey.
J.P. Morgan appointed John China co-head of innovation economy for commercial banking. Based in San Francisco, China will serve alongside New York-based Melissa Smith, who is continuing her dual role as co-head of innovation economy and head of specialized industries for commercial banking.
According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such.
According to JPMorgan Chase’s 2022 Business Leaders Outlook Pulse survey, just about one in five business leaders (19%) said they’re optimistic about the U.S. economy for the year ahead, the lowest percentage recorded in 12 years of survey data, and down from 75% one year ago.
JPMorgan Chase Commercial Banking named Arnold Evans managing director and co-head of the emerging middle-market division (EMM) within the company’s middle-market banking and specialized industries (MMBSI) business.
JPMorgan Chase promoted Thelma Ferguson to vice chairman of commercial banking. Brian Lamb, who has served for two years as global head of diversity, equity and inclusion at JPMorgan Chase, will succeed Ferguson, while David Miree joined JPMorgan Chase to succeed Lamb.
As much of the U.S. reopens nearly a year and a half since the outbreak of the COVID-19 pandemic in the country, midsize business leaders’ optimism about their industries and companies have hit record highs, according to JPMorgan Chase’s 2021 Business Leaders Outlook Pulse survey.
According to a JPMorgan Chase survey, nearly half (44%) of small businesses have explored online lending in the past year, with 25% procuring an online loan. For the upcoming year, 56% said they would be open to procuring an online loan if they find themselves in need of capital.