Poor Wells Fargo (NYSE:WFC). The third largest bank in the United States cannot seem to win for losing. On one…
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Tag: JPMorgan
Senior JPMorgan executives changing stance regarding all things crypto
After all the hoopla following the advent of the “JPMCoin”, banking executives now believe that the time is right for…
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Citibank tabled plans for a “CitiCoin”, deferring to blockchain only plans
With all of the press hoopla surrounding JPMorgan and Jamie Dimon’s support of a “JPMCoin” project, analysts that follow the…
Read MoreThe ‘Jamie Dimon/JPM Coin’ sideshow is turning stranger for all comers
If you were even the least bit interested in all-things-crypto, and for that matter, in all-things-banking, then last week’s financial…
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Goldman Sachs and JPMorgan place a $32-million bet on blockchain
The cryptocurrency market has crushed big time, Bitcoin is falling down to $6,300 and its market capitalization is currently not…
Read MoreMorgan Stanley reports better-than-expected comeback with 61.7% rise
Morgan Stanley’s quarterly profit rose 61.7% to $1.52 billion from $939 million for the quarter ended September 30, while earnings…
Read MoreJPMorgan’s Mick Wiedrick to join BNP Paribas as head of ABS Syndicate
The French multinational bank and financial services company BNP Paribas (EPA:BNP) has recruited Mick Wiedrick from JPMorgan (NYSE:JPM) to join…
Read MoreJPMorgan is giving 18,000 US employees a raise over the next 3 years
JPMorgan Chase & Co. (NYSE:JPM)’s CEO Jamie Dimon is giving his employees a big raise. And don’t think that he’s…
Read MoreMarkit introduces centralised FX trade confirmation service
Citi and J.P. Morgan were the first to confirm FX options trades through the new service, which is part of the MarkitSERV trade processing platform.
Read MoreGlobal law firm Hausfeld, counsel against banks in the US, lifts the lid on FX rigging outcomes
The rights of customers cannot be subordinated to the self-interest of trader profit. The duties of financial institutions to those who entrust them with their investments must be respected. Where there is a failure of this responsibility, it must be clear that there will be accountability” – Michael D. Hausfeld
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