jpmorgan chase

JPMorgan Chase to Pay Civil Penalties of Around $350 Million Over Trade Reporting Gaps

JPMorgan Chase to Pay Civil Penalties of Around $350 Million Over Trade Reporting Gaps

JPMorgan Chase and Co. has disclosed that it would pay civil penalties totaling around $350 million to regulators for reporting insufficient trading data to surveillance platforms.

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JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time

JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time

JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.

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Jeffrey Epstein Accuser Sues JPMorgan Chase

JPMorgan Chase Rises Above Rivals, Makes More Annual Profit Than Any US Bank Ever

JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.

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JPMorgan Chase Says Ethereum Will Outperform Bitcoin in 2024

JPMorgan Chase Says Ethereum Will Outperform Bitcoin, Other Cryptocurrencies in 2024

JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.

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JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan

JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan

JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.

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JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic

JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic

JPMorgan Chase claims that 99% of Americans have already exhausted the excess savings they accumulated during the COVID-19 pandemic.

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JPMorgan Chase Ready to Leave China if Ordered by US Government, Bank CEO Jamie Dimon Says

JPMorgan Chase Is Ready to Leave China if Ordered by US Government, Bank CEO Jamie Dimon Says

JPMorgan Chase CEO Jamie Dimon said Wednesday that the bank would leave China if directed by the US government.

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JPMorgan advises investors to vote against the splitting proposal

JPMorgan Chase has advised its shareholders to vote against the proposal to split up the bank. The bank warned its shareholders that the breakup proposal will not benefit its investors.

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Financiers Back Away From Coal Ventures, See No Clear Future

U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.

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Alibaba Resort to $4 Billion Loans For Expansion From Respective Banks

Alibaba plans of expanding and venturing into other business the reason it is seeking $4 billion in loans. It is already in talks with several banks and the request will be finalized by next month.

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Major banks funding Bitcoin startup on recording blockchain deals

A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset said that it has raised over $50 million funding from 13 investors. The list of investors includes JPMorgan Chase & Com, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture Plc.

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3 American banks earn $6 bln from overdraft fee, ATM

JPMorgan Chase, Bank of America (BoA) and Wells Fargo earned over $6 billion from ATM service and overdraft fees. For the first time, US government in 2015 allowed banks to disclose details from ATM and overdraft fee revenues. The US banking consumers pay in the range of $4 to $5 to withdraw money from an out-of-network ATM.

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HSBC and JPMorgan Chase Must Increase Their Cash Reserve According to New Rule

When Lehman Brothers collapse in 2008, it created a global economy setback. Global financial authorities work hard to prevent it from recurring. Now, they introduced new rules for the world's biggest banks to increase their cash reserve and avoid taxpayers bailouts.

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JPMorgan Chase is Challenging Apple Pay with Chase Pay

Apple has enjoyed a series of advantages of their innovative mobile payment and digital wallet service with ApplePay. However, Apple and other technology companies which dominated the mobile payment service, is now facing a serious competition from one big financial institution, JPMorgan Chase.

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Ex-JPMorgan banker may become Barclays' CEO

Barclays Plc, UK's third largest bank, is expected to announce Jes Staley, former JPMorgan Chase banker, as its new Chief Executive Officer (CEO). Staley is believed to have accepted the offer from Barclays, according to the unconfirmed market news. The appointment is expected to be announced within two weeks. Even after the confirmation of the offer, Staley will have to get approval from Britain's financial regulator. Barclay's investment banking activity has been under pressure for some time. Choosing Staley could result in renewed focus on the investment banking.

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