JPMorgan Financial News

Some of the biggest Wall Street investment banks slid down the rankings of high-quality research analysts and sales desks in a widely followed and respected survey of major institutional investors conducted by Peter Lee Associates.

Banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its blockchain-powered payment system, JPM coin.

Goldman Sachs Group Inc. hired a trio of Credit Suisse private bankers as it builds up its presence in a swath of the Middle East that’s increasingly becoming a destination for the world’s rich.

A $290 million settlement between JPMorgan Chase & Co. and victims of Jeffrey Epstein was approved by a federal judge, who rejected a last-minute challenge from a group of state attorneys general that could have delayed the payout to almost 200 victims. 

Bitcoin is finally back to where it traded before the event that precipitated the last crypto crash. The dominant cryptocurrency rose as much as 6.7% to $37,973 on Thursday before paring the gain. That was the highest since May 5, 2022 — just before the TerraUSD stablecoin collapsed and ignited a daisy chain of failures across the cryptoasset space. Bitcoin completed its full recovery from that debacle almost exactly to the year after the rout reached its nadir when Sam Bankman-Fried’s exchange FTX filed for bankruptcy. “With Bitcoin trading back above the level when the Terra stablecoin imploded, crypto traders have officially moved on from those psychological scars,” said Markus Thielen, head of research at Matrixport. Unlike in previous boom cycles, Bitcoin staged this year’s recovery in fits and starts, with sharp advances interspersed with long lulls of low volatility. To get here, it had to overcome the steepest monetary tightening by the Federal Reserve in four decades, along with increasingly stringent industry regulations.

Amazon is taking another step toward becoming a regular health care source for customers with the launch of a service centered on virtual care

By Saeed Azhar and David French

By Matt Tracy

By Luc Cohen

In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to the cryptocurrency’s underlying fundamentals.

The results are starting to trickle in for one of the investment banking sector’s most anticipated annual rankings – the Peter Lee survey, which asks institutional investors to rank sell-side analysts and their trading desks.

Read here: SBI, L&T and more: ICICI Direct lists 7 stocks to buy this Diwali With a positive outlook ahead, what strategy should you follow in the next year? Here's what experts recommend. Despite global uncertainties, India remains a shining star and is expected to maintain its outperformance.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Parker-Hannafin, Datadog, Quanta Services , ContextLogic, and KT.

As Republican legislators in the US try to wipe ESG off the map, most global investors and executives are acting as though those efforts will ultimately fail.

HSBC Holdings Plc plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank’s latest move in the new area of finance.

Goldman Sachs promoted some new managing directors on Friday. In a reminder that Goldman Sachs isn't just an investment bank and trading business nowadays, fewer than half (47%) of the 608 lucky new MDs work in the banking and markets business. Another 25% are Goldman's new preferred places of asset and wealth management. The remainder are dotted across Goldman's remaining divisions.

National Australia Bank, ANZ and Westpac have lifted interest rates for borrowers after the Reserve Bank raised the official cash rate by 0.25 of a percentage point on Tuesday to 4.35 per cent.

GoI has done well to proactively fast-track approvals for Tesla. The arrival of an iconic brand has considerable positive signalling power for India, which is seeking to position itself as a preferred FDI destination. Hopefully, the Elon Musk-owned company's journey will follow the same road as Apple.

The International Monetary Fund upgraded its projections for China’s annual economic growth this year and next as the nation recorded a stronger-than-expected performance in the third quarter and Beijing rolled out policies to support the recovery.

(Reuters) — WeWork, the SoftBank (TYO:9984) Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank, the Japanese technology group that owns about 60% of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey leases in bankruptcy.