"Our competitors have not and cannot invest at the levels that we do" JPMorgan is planning an “unmatched” spending spree on new initiatives this year of more than $15bn, a sign of how the largest US bank is planning to grow even bigger ft.com/content/bf33e3…

Citigroup abandons long-planned sale of Banamex to pursue IPO ft.com/content/6c859d… via @financialtimes

this is very good on the fall of Vice, a company that on inflated paper valuations was worth more than the NYTimes at one point - particularly good where it went wrong on the financing side: from Anna Nicolaou Sujeet Indap ft.com/content/b80107…

James Gorman first presented a CEO succession plan to Morgan Stanley's board 3 weeks after he got the job in 2010. Now, he'll try to pull off a rarity on Wall Street: a bloodless succession w/@LauraNoonanFT Arash Massoudi ft.com/content/07db07…

Wall Street history is littered with bitter succession battles on.ft.com/3Wwlerh

The cuts are equal to about 15% of First Republic’s roughly 7,000 workers on.ft.com/3My0v1v

Centerview Partners is the most dominant dealmaking house of the past decade, making its partners the envy of Wall Street Here's the story of its rise to the top through the lens of a rare spat between its founders via Sujeet Indap James Fontanella-Khan ft.com/content/5b1d17…

New data shows the FDIC deposit fund is more stretched than has been in nearly a decade, at a time when the number of problem banks is rising. ft.com/content/e795cc…

The move may help the bank surpass its target of saving $600mn by means of job cuts on.ft.com/3WJYK61

Bob Iger transformed Disney in his first reign as CEO His successor Bob Chapek lasted just two years Disney's legacy businesses are in decline, its streaming service is losing money and its share price has slumped Now Iger is back for a second reign Can he revive Disney?

🚨 NEW: The FCA is investigating Odey Asset Management after our investigation published this morning. Morgan Stanley have moved to sever ties with OAM and JPMorgan also reviewing its prime broking relationship with the firm. ft.com/content/f5a4cc…

Big US banks lost $541bn in doomsday scenario but still kept above capital requirements, says Fed after stress tests The passing grades lent support to claims from Wall Street execs & regulators that systemically important banks can weather heavy losses ft.com/content/6d1d20…

Gautam Adani - the man building Modi's India or a crony capitalist? The FT looks at the fallout after his companies lost $100bn in value this year because of a short report. John Reed Hudson Lockett IV 康河信 Stephanie Findlay @OrtencaAl Mohandas Pai Aakar Patel Nirmalya Kumar Mahua Moitra

Plaudits to the brave women who came forward to speak to Financial Times for this powerful film by Daniel Garrahan, building on amazing reporting by Madison Marriage Antonia Cundy & Paul Caruana Galizia Crispin Odey: the fall of a hedge fund maverick | FT Film ft.com/video/28a23a86… via Financial Times

“The payments system is like a sewer system. Nobody wants to know how it works until the toilet is blocked" The Fed is launching a new real-time payments system, the biggest advance in decades for the antiquated US money transfer network ft.com/content/dcc835…

“The only way I know how to work is to sort of burrow in on one project very obsessively” From my Lunch with the FT w/ Christopher Nolan, who talked about making Oppenheimer, regulating AI, the Hollywood strikes and superhero movies. cc: Little Dom's ft.com/content/e47df8…

Scooplet: Heartland Tri-State, the small Kansas bank that the FDIC closed last week, failed because it was scammed out of tens of millions of dollars. Not because, as many assume, of anything to do with SVB or this year's regional banking crisis. ft.com/content/bcd2a2…

Scoop: Citi's head of investment banking Paco Ybarra is leaving the firm. story here: ft.com/content/9a14fe…

Goldman Sachs’ John Rogers steps down as chief of staff on.ft.com/3YniYn7

🚨🚨🚨job alert 🚨🚨🚨Come join us to cover Wall St in an era of unprecedented upheaval with the best people in NYC. Joshua Franklin Sujeet Indap Antoine Gara Eric Platt Amelia Pollard Maria Heeter Robert Armstrong Oliver Barnes and Sun Yu! job-boards.eu.greenhouse.io/financialtimes…