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150 Results Found
  • Wells Fargo to onboard active cryptocurrency strategy for rich clients May 20, 2021 05:36 PM IST

    Wells Fargo to onboard active cryptocurrency strategy for rich clients

    Wells Fargo & Co said on Wednesday its investment institute is planning to evaluate and onboard an actively managed cryptocurrency strategy fo..

  • 1MDB sues JPMorgan Chase, Deutsche Bank in $23 billion fraud case May 10, 2021 03:53 PM IST

    1MDB sues JPMorgan Chase, Deutsche Bank in $23 billion fraud case

    The Malaysian strategic development firm has filed six suits against nine unnamed entities, including two foreign financial institutions, and 25 individuals for various wrongdoings including fraud and conspiracy.

  • US remittance processor Remitly hires advisers for IPO: Report May 06, 2021 08:44 PM IST

    US remittance processor Remitly hires advisers for IPO: Report

    Founded in 2011, Remitly is backed by investment firms including Generation Investment Management, which was co-founded by former U.S. Vice President Al Gore; the family office of Amazon.com Inc founder Jeff Bezos; and PayU, a unit of Prosus NV.

  • JPMorgan’s digital wallet Chase Pay to be pulled off merchant sites by March-end Mar 10, 2021 04:00 PM IST

    JPMorgan’s digital wallet Chase Pay to be pulled off merchant sites by March-end

    The bank discontinued the Chase Pay app – mostly used in stores – in 2019, after it emerged that customers preferred paying by card

  • Vedanta Resources to issue $400 million Notes to Oaktree Capital Group to meet liquidity needs Dec 29, 2020 03:28 PM IST

    Vedanta Resources to issue $400 million Notes to Oaktree Capital Group to meet liquidity needs

    Vedanta Resources Ltd. on December 10, sold $1 billion of securities at one of the highest yields for a dollar bond in Asia this year. The mining conglomerate is planning to use the money to finance a buyback offer for $670 million of notes maturing in June 2021.

  • No US Treasurys for JPMorgan Chase CEO Jamie Dimon Dec 09, 2020 11:23 AM IST

    No US Treasurys for JPMorgan Chase CEO Jamie Dimon

    The JPMorgan chief said that "bond spreads and most equity prices would be justified" if investor's base case - recovery led by the COVID vaccine - happens.

  • JPMorgan set to pay nearly $1 billion in spoofing penalty Sep 24, 2020 04:22 PM IST

    JPMorgan set to pay nearly $1 billion in spoofing penalty

    The settlement with the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) could come as soon as this week and is not expected to result in any restrictions on the bank's business, the person said.

  • Market investors should prepare for Trump's re-election odds: JPMorgan Chase Sep 01, 2020 11:40 AM IST

    Market investors should prepare for Trump's re-election odds: JPMorgan Chase

    analysts at JPMorgan Chase warned investors to not jump on the Biden bandwagon prematurely especially after the recent uptick in Trump's approval ratings

  • Warren Buffett’s Berkshire Hathaway slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold Aug 16, 2020 08:28 AM IST

    Warren Buffett’s Berkshire Hathaway slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold

    In a regulatory filing detailing its US-listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth $563.6 million in Toronto-based Barrick Gold Corp, one of the world’s largest mining companies.

  • US appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore Aug 27, 2019 10:32 PM IST

    US appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore

    In a 3-0 decision, the 2nd US Circuit Court of Appeals in Manhattan said a federal judge erred in dismissing antitrust claims by 'direct' purchasers of aluminum such as Novelis, and by other purchasers including Eastman Kodak, Fujifilm and Reynolds Consumer Products.

  • JPMorgan Chase to pay $5 mn to settle paternity leave dispute Jun 03, 2019 12:11 PM IST

    JPMorgan Chase to pay $5 mn to settle paternity leave dispute

    Only women are considered to be primary caregivers, the company told its employee.

  • Next financial crisis in the US could occur in 2020: JPMorgan Sep 16, 2018 09:44 AM IST

    Next financial crisis in the US could occur in 2020: JPMorgan

    While the duration of the next recession is unknown, the financial services firm has said it could see a US stock slide by about 20 percent.

  • Best-selling author and surgeon Atul Gawande assumes the role of CEO of Buffet-Dimon-Bezos venture Jun 21, 2018 02:36 PM IST

    Best-selling author and surgeon Atul Gawande assumes the role of CEO of Buffet-Dimon-Bezos venture

    The 52-year-old has dedicated his public health career to building better healthcare delivery in the US and around the world

  • Amazon, Buffett, JPMorgan Chase pick Gawande to lead health firm Jun 20, 2018 08:41 PM IST

    Amazon, Buffett, JPMorgan Chase pick Gawande to lead health firm

    The three corporate titans said that Gawande will lead an independent company focused on a mission they announced earlier this year: figuring out ways to improve a broken and often inefficient system for delivering care.

  • JPMorgan to hire more than 3,000 people in new operations centre in Poland Sep 26, 2017 12:52 PM IST

    JPMorgan to hire more than 3,000 people in new operations centre in Poland

    Last week Polish Deputy Prime Minister Mateusz Morawiecki announced that JPMorgan Chase picked Warsaw for the new centre.

  • India is on a path to growth, it has terrific leadership, says Jamie Dimon Sep 22, 2017 02:02 PM IST

    India is on a path to growth, it has terrific leadership, says Jamie Dimon

    Prime Minister Modi has done some tough things and one will see a different India after a decade, said Jamie Dimon, Chairman & CEO, JPMorgan Chase.

  • Wall Street's rock-solid quarter ends with a loss Apr 01, 2017 08:16 AM IST

    Wall Street's rock-solid quarter ends with a loss

    The Dow Jones Industrial Average fell 0.31 percent to end at 20,663.22 points, while the S&P 500 lost 0.23 percent to 2,362.72. The Nasdaq Composite slipped 0.04 percent to 5,911.74.

  • JPMorgan expects 2017 expenses to rise about 3.4 % Feb 28, 2017 08:46 PM IST

    JPMorgan expects 2017 expenses to rise about 3.4 %

    JPMorgan Chase & Co, the biggest U.S. bank by assets, said it expected 2017 expenses to rise about 3.4 percent as it spends more on technology and in signing up new credit card accounts.

  • Citi says US regulators are investigating its hiring practices Feb 25, 2017 09:34 AM IST

    Citi says US regulators are investigating its hiring practices

    Citigroup Inc on Friday said that U.S. government and regulatory agencies are investigating the bank's hiring practices.

  • JPMorgan settles mortgage discrimination lawsuit Jan 19, 2017 07:42 AM IST

    JPMorgan settles mortgage discrimination lawsuit

    A federal suit filed in Manhattan accused JPMorgan Chase & Co. of charging black and Hispanic borrowers higher interest rates and fees for mortgages from 2006 to at least 2009. The lawsuit alleges that discrimination cost at least 53,000 minorities borrowers tens of millions in higher interest payments and fees.

  • JPMorgan Chase denies wrongdoing in EU rate rigging case Dec 07, 2016 08:54 PM IST

    JPMorgan Chase denies wrongdoing in EU rate rigging case

    JPMorgan Chase today denied any wrongdoing after the EU's anti-trust regulator hit it and two other banks with fines for alleged interest rate rigging, saying it may appeal.

  • Why Wall Street bank earnings may be stronger than forecast Jul 17, 2016 03:21 PM IST

    Why Wall Street bank earnings may be stronger than forecast

    Dick Bove of Rafferty Capital Markets says, JPMorgan has started pushing the sale of loans much more aggressively and that showed up in their earnings and one might see the same thing with other American banks.

  • Apple, Microsoft, HP among companies shunning GOP convention Jul 09, 2016 02:32 PM IST

    Apple, Microsoft, HP among companies shunning GOP convention

    Apple recently became the latest company to give the GOP's presumptive nominee the cold shoulder; it won't contribute money or products to the Republicans' big shindig in Cleveland this month.

  • JPMorgan could move thousands of staff out of UK: Report Jul 07, 2016 01:26 PM IST

    JPMorgan could move thousands of staff out of UK: Report

    Currently, banks based in the UK can sell services freely across the EU under a "passporting" system, considered the most significant feature of the EU single market for financial firms. But that is now in doubt after Britons voted to leave the bloc.

  • Citi warns UK staff of rebalancing across EU in event of Brexit Jun 09, 2016 08:03 AM IST

    Citi warns UK staff of rebalancing across EU in event of Brexit

    Campaigners seeking to win a vote for Britain to remain in the EU in a June 23 vote have said the country's role as a global financial hub could be under threat if it gives up its membership, resulting in job losses.

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