PRESS DIGEST-Financial Times - January 23
Jan 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
JPMorgan boosts Dimon's pay to record $43 million
Donald Trump sues JPMorgan and CEO Dimon for $5 billion over debanking
Ford and GM get U.S. permission to set up banking units
Elon Musk's SpaceX lines up 4 banks for blockbuster IPO
Overview
JPMorgan Chase JPM.N lifted Jamie Dimon's pay 10% to $43 million for 2025, a record package for the long-serving chief executive.
U.S. President Donald Trump has sued JPMorgan Chase and Chief Executive Jamie Dimon, seeking at least $5 billion in damages over claims the biggest U.S. bank unfairly closed his accounts for political reasons.
Ford F.N and General Motors GM.N have received approval from federal regulators to set up banks, in a sign of the Trump administration's more permissive approach to financial oversight.
Elon Musk's rocket maker SpaceX is lining up four Wall Street investment banks for leading roles on a blockbuster initial public offering, which is likely to be the world's largest new listing.
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