Search Results for: JP Morgan Chase & Co
Investors see bitcoin as safe haven
June 27th, 2016
Demand is up following drop in pound as a result of Brexit Demand surged for bitcoin as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union (EU). The pound fell ...
JPMorgan Chase Institute Launches Local Consumer Commerce Index of Everyday Spending in 15 U.S. Cities
March 30th, 2016
A Measure of the Monthly Year-Over-Year Everyday Spending Growth Reveals 2.3 Percent Increase in December 2015, Driven by Spending at Small Businesses and by Younger and Lower-Income Consumers Today, the JPMorgan Chase Institute released the Local Consumer Commerce Index (LCCI) – ...
Ex-JPMorgan Broker Gets Five Years for Gambling Funds Away
March 9th, 2016
Oppenheim once had 500 clients, managed almost $90 million Broker racked up losses betting on NFL games, online sports A former JPMorgan Chase & Co. broker who said he stole millions of dollars from customers because his brain was ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
Some Shanghai Banks Said to Curb Individual Forex Purchases
January 21st, 2016
Banks said to request close checks by branches for violations Shanghai SAFE vows crackdown on illegal foreign transactions Some Shanghai banks have asked their branches to strictly control the sale of foreign exchange to individuals, according to people familiar ...
J.P. Morgan’s Earnings and Revenue Rise, Beating Expectations
January 14th, 2016
The New York firm kicks off earnings season for big U.S. banks J.P. Morgan Chase & Co. said its fourth-quarter profit beat expectations thanks in part to cost-cutting and higher earnings within its investment banking division. The largest U.S. bank ...
Chase, Wal-Mart Seek to Disrupt Mobile Payments Business in 2016
January 4th, 2016
Banks and retailers move to capture tap-and-pay transactions Apple, Google will see new competition in evolving market American consumers will have more choices in 2016 for how they make purchases with their smartphones as big banks and retailers vie ...
Goldman, JPMorgan Seen as Fintech Winners While AmEx Suffers
December 29th, 2015
Autonomous Research survey finds most unafraid of disruption American Express, Western Union seen as biggest losers Goldman Sachs Group Inc. and JPMorgan Chase & Co. will probably benefit most from the coming wave of financial technology disruption, rather ...
SFC reprimands and fines three JP Morgan entities a sum of $30 million for regulatory breaches
December 16th, 2015
The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Broking (Hong Kong) Limited (JPMBHK), J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and J.P. Morgan Securities (Far East) Limited (JPMSFE) (collectively “JP Morgan”), and fined them $15 million, $12 ...
JPMorgan Said to Win Relief in SEC Case on Sale of Its Own Funds
December 10th, 2015
Bank to get consent to continue raising money for hedge funds SEC, CFTC may announce settlements with bank as soon as Friday JPMorgan Chase & Co. is close to settling cases that threatened to bar the bank from raising ...
