Hugh Son

Articles by Hugh Son

β€˜Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding - CNBC

Business July 16, 2026

JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank's $1.5 trillion security project aimed at bolstering inοΏ½...

The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase - CNBC

Business July 15, 2026

American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn't just benefiting tech giants and chip makers. Goldman Sachs and JPMorgan Chase each posted record quarteοΏ½...

Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility - CNBC

Business July 14, 2026

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at theοΏ½...

Klarna seeks U.S. bank charter in latest push beyond buy now, pay later - CNBC

Business July 7, 2026

Klarna, the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied to federal and state regulators to establish a U.S. bank subsidiary. The firm said that, if aοΏ½...

JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test - CNBC

Business June 26, 2026

JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the industry remained well capitalized under its annuοΏ½...

Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules - CNBC

Business June 25, 2026

The biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve's οΏ½...

Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms - CNBC

Business May 5, 2026

Anthropic said Monday it is partnering with private equity giants Goldman Sachs and Blackstone to launch a $1.5 billion firm aimed at speeding the adoption of artificial intelligence across hundreds οΏ½...

This bank CEO let his AI clone handle an earnings call β€” now he's signing an OpenAI deal - CNBC

Business April 28, 2026

Sam Sidhu, CEO of Customers Bank. Nearly half an hour into a conference call on Friday to discuss first-quarter results with analysts, Customers Bank CEO Sam Sidhu revealed something unusual up untiοΏ½...

Goldman Sachs bond traders stumbled as Wall Street rivals thrived: 'A fire is being lit under' them - CNBC

Business April 16, 2026

David Solomon, CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. When Goldman Sachs executives were asked about disappointing reοΏ½...

American Express, credit card provider to the wealthy, wants even more high spenders - CNBC

Business February 1, 2026

American Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers. The company recently shifted marketing dollars to its refreshedοΏ½...