JPMorgan Financial News

18.11 / 19:51

Ethereum JPMorgan IOTA Bitcoin Time Bipartisan Bill Aims to Fix Infra Bill, TIME Holds Ethereum + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

18.11 / 12:01

Blockchain JPMorgan SoftBank Backed stake JPMorgan takes stake in SoftBank, Goldman-backed blockchain startup

JPMorgan has taken a stake in Blockdaemon, a blockchain infrastructure startup that also includes SoftBank, Goldman Sachs and crypto exchange Kraken among its investors.

18.11 / 00:01

UPS JPMorgan Chase hearing Rocky Biden's pick for bank regulator faces rocky Senate hearing over unorthodox research ideas

WASHINGTON— Saule Omarova, President Joe Biden's pick to be one of the nation's top bank regulators, is expected to face a tough round of questioning Thursday morning from senators concerned by her research that explores fundamental changes to the financial industry.

16.11 / 19:29

Citi JPMorgan Hong Kong hits back after allowing JPMorgan’s Jamie Dimon to skip quarantine

A 32-hour visit to Hong Kong by JPMorgan chief executive Jamie Dimon has drawn attention to how shut-off the Chinese financial hub has become after two years of keeping coronavirus cases at bay.

16.11 / 17:13

CEO JPMorgan Discover Bitcoin valuation Credit card start-up Upgrade jumps 83% in valuation in just four months to $6.28 billion

Upgrade, the fintech start-up that turns credit card balances into installment loans, has closed a fundraising round that values the company at $6.28 billion, CNBC has learned.

16.11 / 10:37

JPMorgan Chase Tesla elon JPMorgan sues Tesla for $162m over Elon Musk’s tweets

JPMorgan Chase sued Tesla, seeking to recover $162.2m and accusing the electric-vehicle company of breach of contract over warrant transactions that JPMorgan claims Tesla never paid.

12.11 / 16:15

JPMorgan JPMorgan poaches Goldman Sachs dealmaker to lead German ECM

JPMorgan has bolstered its European equity capital markets team with a new head of German-speaking countries amid a hiring spree for European dealmakers.

12.11 / 14:11

JPMorgan JPMorgan poaches BNP Paribas’ Graillat to launch new green sales and trading unit

JPMorgan has poached a senior executive from BNP Paribas to run a new sustainability centre within its global markets business, as large investment banks rush to capitalise on the surge in interest in ESG products.

12.11 / 11:03

Williams JPMorgan Gap compliance Ex-JPMorgan exec says she was fired for flagging concerns on compliance issues

A former JPMorgan compliance executive has sued the bank for retaliation, saying it fired her after she pointed out gaps in its anti-corruption controls and raised concerns about what she believed were misrepresentations to regulators.

10.11 / 09:27

UPS JPMorgan Strategy Time JPMorgan turns bullish on UK stocks for the first time since the Brexit vote

LONDON — JPMorgan has upgraded U.K. stocks to «overweight,» ending years of caution on British equity markets which the bank said are now trading at a «record discount.»

10.11 / 03:11

COST Provident JPMorgan transaction costs Costs JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs

report estimates that of the nearly $24 trillion in wholesale payments that moved across borders via the correspondent banking network each year, global corporates incur more than $120 billion in total transaction costs; this excludes potential hidden costs in trapped liquidity and delayed settlements.Jason Ekberg, partner, corporate and institutional banking at Oliver Wyman, states: “The case for CBDCs to address pain points in cross-border payments is very compelling.

09.11 / 21:29

IPO CEO JPMorgan Chase ousted valuation Ousted WeWork CEO says $47 billion valuation went to his head before botched IPO

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09.11 / 15:31

Blockchain JPMorgan Software JPMorgan leads Wall Street banks in blockchain hiring craze

JPMorgan is still Wall Street’s biggest blockchain fan, as the lender continues to outpace its rivals with a global hiring spree for crypto-related roles.

08.11 / 11:23

JPMorgan Battle erupts over role of US banking watchdog

WASHINGTON — President Biden's nominee to oversee large national banks is engaged in a contentious battle with those who want to sink her nomination.

07.11 / 12:27

Blockchain Ethereum JPMorgan Bitcoin analysts Here’s why JP Morgan analysts recommend Ethereum over Bitcoin

The rivalry between the top two cryptocurrencies, Bitcoin and Ether, has been messy and long drawn out. And this has presented an omnipresent dilemma for potential investors.

05.11 / 15:19

Citi Stocks market JPMorgan UBS Trading Places: M&A specialists are in demand, UBS prunes management ranks

It’s been another busy week of hires, promotions and departures in the City. While the highest-profile move was surely the exit of Barclays Chief Executive Officer Jes Staley, there was plenty more to take note of.

05.11 / 03:11

JPMorgan JPMorgan’s Raghavan: long hours part of life for ‘exceptionally well-compensated’ bankers

Banks need to root out the “waterfall of inefficiencies” to improve work-life balance for juniors, but the long hours culture is unlikely to disappear entirely, according to one of JPMorgan’s top investment bankers.

04.11 / 15:27

Lowe's Target JPMorgan Bank of England surprises markets by holding rates at record lows

LONDON — The Bank of England held interest rates steady on Thursday, defying many investors' expectations that it would become the first major central bank to hike rates following the coronavirus pandemic.

04.11 / 04:11

JPMorgan Asian stocks JPMorgan picks 12 Asian stocks with ‘superior’ potential to beat the market

JPMorgan has revised its «high conviction» list for Southeast Asia — and named 12 stocks across different countries and sectors with «superior outperformance prospects» in six to 18 months.

04.11 / 03:05

COST Provident JPMorgan transaction costs Costs JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs

03.11 / 21:47

UPS CEO JPMorgan regulatory Wells Fargo warns investors that the bank is likely to face more regulatory setbacks

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