JPMorgan Financial News

25.07 / 09:59

Citi Amazon JPMorgan Citigroup HSBC social JPMorgan, Citi under fire for funding fossil fuels in the Amazon

As the Amazon may face a catastrophic tipping point that’s eroding its status as a major carbon sink, a new study maps out which banks have pumped the most money into oil and gas extraction from the world’s largest rainforest.

25.07 / 04:45

Art VISA JPMorgan Chase SPY JPMorgan ignored Epstein's 'nymphettes,' US Virgin Islands says

NEW YORK (Reuters) — The U.S. Virgin Islands unveiled new accusations against JPMorgan Chase (NYSE:JPM) over the bank's ties to former client Jeffrey Epstein, including executives discussing how the disgraced late financier surrounded himself with «nymphettes.»

24.07 / 04:07

Citi Target Digital JPMorgan SENSEX show performer share price Reliance Q1 Results: Share price falls 2%; here's what top domestic and global brokerages say

Reliance Industries (RIL) have disappointed the Street as RIL's share price dipped over 2 per cent in early deals on Monday (July 24). On Friday, RIL reported its Q1FY24 scorecard which showed its consolidated revenue and profit declined during the quarter because of the weak show of O2C (oil-to-chemical) business. Reliance Industries reported a net profit of ₹16,011 crore, down 10.8 per cent, compared to ₹17,955 crore in the corresponding period last year.

24.07 / 02:09

UPS Citi Target Booking JPMorgan UBS country Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times

BEIJING – International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January.

24.07 / 01:07

COST Target FIVE JPMorgan cover US economic soft landing hinges on Fed’s tolerance of inflation

Fed Chairman Jerome Powell and his colleagues look locked in to raising interest rates by a quarter percentage point this week. The aim: To slow the economy enough to reduce inflation to its 2% target over time, without crashing the US into a recession — a proverbial soft landing. The big question facing policymakers and financial markets is what comes next.

21.07 / 11:29

Citi CEO JPMorgan Citigroup Solomonic Shell Goldman Sachs, Morgan Stanley plus others spend $1billion on redundancies

Although downsizing may save money in the long term, it isn’t a cheap exercise. Reports have emerged that leading American financial institutions have shelled out upwards of a billion dollars on termination pay in the first two quarters of this year. This pain is a repercussion of Wall Street’s over-aggressive expansion strategy during the COVID-19 pandemic.

21.07 / 10:57

Target Reuters CEO JPMorgan Chase country JPMorgan to expand online bank Chase to Germany, EU - Handelsblatt

BERLIN (Reuters) — JPMorgan (NYSE:JPM) will expand its online bank Chase to Germany and other European Union countries, CEO Jamie Dimon told German newspaper Handelsblatt, a move that increases competition for European rivals in a crowded market.

21.07 / 08:35

COST UPS Target Progressive JPMorgan UBS Japan's govt sees inflation sharply exceeding BOJ target

(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase (NYSE:JPM) in paragraph 5)

21.07 / 07:31

JPMorgan HSBC HSBC hires JPMorgan and Bank of America veterans to bolster payments unit

HSBC has tapped JPMorgan and Bank of America for two senior hires to bolster its payment business.

20.07 / 23:41

JPMorgan RIG Citigroup Chase Southern foreign Foreign exchange Judge throws out Citigroup ex-trader's lawsuit tied to foreign exchange probe

By Jonathan Stempel

20.07 / 22:41

UPS Provident CEO JPMorgan Chase Reserve Federal Reserve officially launches new FedNow instant-payments service

The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of cash for businesses and individuals.

20.07 / 17:25

UPS Digital PayPal JPMorgan country Your paycheck could clear faster now that the FedNow instant payment service for banks has launched

The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks

20.07 / 16:15

Provident PayPal JPMorgan Chase BNI country Fed launches long-awaited instant payments service, modernizing system

The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years. FedNow is launching with 41 banks and 15 service providers certified to use the service, including community banks and large lenders like JPMorgan Chase, Bank of New York Mellon, and US Bancorp, but the Fed plans to onboard more banks and credit unions this year.

20.07 / 13:17

JPMorgan HSBC HSBC hires JPMorgan and Bank of America veterans to bolster payments unit

HSBC has tapped JPMorgan and Bank of America for two senior hires to bolster its payment business.

20.07 / 09:17

UPS Provident Reuters Digital JPMorgan Enterprise Exclusive-Key bidders in Ascential break-up quit auction - sources

By Amy-Jo Crowley

20.07 / 08:11

COST Provident PayPal JPMorgan Chase country Reserve Time US Federal Reserve looks to match India with launch of new real-time payments service FedNow

Federal Reserve is to launch a new payment service that could allow Americans to send and receive money in seconds. The new service, called 'FedNow', will initially launch with 41 banks and 15 service providers, including community banks and large lenders such as JPMorgan Chase, Bank of New York Mellon and US Bancorp, with plans to add more banks and credit unions later this year. The Federal Reserve has been working on the service since 2019, but it was initially opposed by the big banks, who argued it was redundant, but later agreed to participate as they believe FedNow will expand the services they can offer their customers.

19.07 / 18:57

Provident Aviat JPMorgan Cisco AT&T Omnicom Stocks making the biggest moves midday: Carvana, Goldman Sachs, AT&T and more

Check out the companies making headlines in midday trading.

19.07 / 17:47

Man Aviat Microsoft Manufacturing JPMorgan Software Midday movers: Goldman Sachs, Carvana, Joby Aviation and more

Investing.com — U.S. stocks were rising, adding to recent strong gains as investors digest a deluge of big corporate earnings.

19.07 / 14:01

UPS Aviat NASDAQ JPMorgan Omnicom cover Interactive Brokers Stocks making the biggest moves premarket: Carvana, Joby Aviation, Goldman Sachs, Interactive Brokers and more

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19.07 / 07:53