A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil edges up after six days of straight losses

Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts by major producers will ... Read More

JPMorgan accused of fraud over tech company sale

JPMorgan steered a technology company client to sell itself to BlackBerry at a knockdown price because it wanted to win lucrative future investment banking business from the smartphone pioneer, ... Read More
Asian-stocks - man walking in the rain in front of live rates board

Most Asian Stocks Rise as Yen’s Drop Lifts Topix: Markets Wrap

Korean shares slip with the won; oil extends last week’s gain Earnings from Prada, JPMorgan and Tesco are expected this week Most Asian stocks rose, with a falling yen ... Read More

JPMorgan deploys software to reduce legal contract work

The bank has created software which reviews deals in seconds – a task that took lawyers some 360,000 hours every year. JPMorgan Chase introduced the software, COIN, for Contract ... Read More
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

Three traders were charged with conspiring in forex rigging probe

The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the ... Read More

Banking Giants Set to Invest in R3-Rival & Blockchain Startup Axoni

US banking giants Goldman Sachs and JPMorgan Chase are leading a number of other financial institutions to invest in blockchain startup Axoni, a report has revealed. According to Reuters, the banks ... Read More
European Commission

Three major Banks fined €485 million for Euribor fix cartel

The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks ... Read More
michael openhheime

Ex-JPMorgan Broker Gets Five Years for Gambling Funds Away

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 ... Read More

Goldman, JPMorgan Seen as Fintech Winners While AmEx Suffers

  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 ... Read More

J.P. Morgan to Pay $267 Million for Disclosure Failures

The Securities and Exchange Commission announced that two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges that they failed to disclose ... Read More
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