JPMorgan: Sees parallels with the global crisis of 2008 – 'Some are making foolish moves to increase revenue'
Jamie Dimon, the head of JPMorgan Chase & Co., warns that current trends in the financial industry could lead to a crisis similar to that of 2008, as heightened competition pushes some players to make unwise decisions.
NH Agricultural Cooperative Financial Group Achieves Record Net Profit of 2.5112 Trillion Won Last Year
NH Agricultural Cooperative Financial Group reported a record net profit of 2.5112 trillion won for the last fiscal year, despite a slight decline in interest income.
Last Year's Net Profit of the Four Major Financial Institutions Ranges From 3.1 Trillion to 5.8 Trillion Won, Increasing by 1.8% to 15.1% Compared to the Previous Year
The net profit of South Korea's four major financial holdings last year reached between 3.1 trillion to 5.8 trillion won, driven by increased interest income from household and corporate loans along with gains from a booming stock market, marking a year-on-year growth of 1.8% to 15.1%.
Banks earned a lot last year
Norwegian banks reported an after-tax profit of 99.5 billion NOK for the previous year, an increase of 7 billion NOK from the year before, with a rise in net interest income and total credit losses.
Moody’s: Greek Banks Stronger than Other European Banks – Strategies for 2026-2028
Moody’s reports that Greek banks are better positioned than their European counterparts, forecasting a credit growth of 8%-10% and stable net interest income, indicating a strong preparation for the next economic cycle.