The early big selloff in the Dow Jones Industrial Average DJIA is unanimous, as the stocks of all 30 components were trading lower. The biggest losers were members of the financial sector, which conti...
Tag: jpmorgan
Depositors Flock to JPMorgan & Citi After SVB, Signature Closure
With the demise of Silicon Valley Bank and Signature, customers are flocking to major US banks like JPMorgan and Citigroup to transfer money from smaller lenders. According to executives cited by The ...
These 2 big bank stocks have enough liquidity to more than cover severe funding outflows, says JPMorgan
In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around ...
JPMorgan Among Big Banks Bids To Acquire SVB, But There’s A Catch
SVB Financial Group, the parent of Silicon Valley Bank, is under acquisition talks after the failure of the Silicon Valley Bank caused chaos in the global market and stablecoins to depeg. Big banks ar...
First Republic Bank gets funding boost from Fed, JPMorgan
First Republic Bank FRC, -14.84% said Sunday it had bolstered its financial position through “additional liquidity” from the Federal Reserve and JPMorgan Chase & Co. JPM, +2.54%. In a statement, t...
Bitcoin Could Plunge To $13k Amid Deterioration In Demand, Silvergate Collapse: JPMorgan
JPMorgan Chase & Co. is a multinational financial services corporation based in the United States. It is the largest bank in the United States and the largest bank in the world in terms of market ...
Bitcoin falls to $20,000, leads drop in crypto prices as JPMorgan remains negative on crypto
Crypto prices continued to trade down driven lower by the latest U.S. banking casualties and worsening market sentiment. Bitcoin was trading around $19,990, down 5% in the past 24 hours, according to...
JPMorgan Report Predicts Crypto Will Move to Signature Bank
JPMorgan Chase said that the crypto industry would struggle to replace the services offered by collapsed banking partner Silvergate Capital Corp. In a new report, a research team at the Wall Street ti...
Gemini Denies Rumors of Severance With JPMorgan on Twitter
Gemini denied the report on JPMorgan Chase ending ties with the exchange. The source of the report is not clear. It was reported by a crypto media agency. The same news agency revealed the FTX implosi...
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
Silvergate had operated as a gateway for more than 1,000 “institutional crypto market participants including major crypto exchanges, miners, stablecoin issuers, market makers and digital asset fund ma...
Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.
The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...
JPMorgan Remains Negative on Crypto. Here’s Why
Alex Dovbnya JPMorgan, one of the world’s largest investment banks, has maintained its negative stance on the cryptocurrency market in a recent report JPMorgan, one of the world’s largest ...
JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein
Jes Staley, CEO of Barclays Justin Solomon | CNBC JPMorgan Chase sued its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging that Staley i...
JPMorgan Ends Relationship With Centralized Crypto Exchange?
6 seconds ago | 2 mins read Exchange News Gemini and JPMorgan’s relationship is still intact. Crypto Market is under the weight of regulatory scrutiny. Leading crypto exchange Gemini stated on its off...
JPMorgan Is Cutting Ties With Crypto Exchange Gemini: Source
Join the most important conversation in crypto and web3! Secure your seat today U.S. banking giant JPMorgan (JPM) is ending its banking relationship with Gemini, the cryptocurrency exchange owned by C...
JPMorgan Sues Former Executive Jes Staley Over Jeffrey Epstein Connections
Topline JPMorgan Chase filed a lawsuit Wednesday against former investment banking executive Jes Staley, accusing him of concealing the nature of his relationship with late convicted sex offender Jeff...
Gemini’s banking relationship with JPMorgan ‘remains intact’
Crypto exchange Gemini took to Twitter on March 8 to deny rumors about terminating its banking relationship with United States financial conglomerate JPMorgan. In a brief and straightforward message, ...
Gemini issues statement on JPMorgan cutting ties with crypto exchange
Gemini claimed all is well between the crypto exchange and the banking giant The report comes in days after US federal regulators issued a warning to banks Gemini – a leading American-based crypto exc...
JPMorgan Ends Relationship With Gemini, Claims Report
Wall Street titan JPMorgan Chase & Co. will reportedly sever its banking relationship with crypto exchange Gemini, a person familiar with the matter said. The bank started its relationship with Ne...
Gemini denies reports of banking relationship ending with JPMorgan
Crypto exchange Gemini has denied reports that its banking relationship with U.S. banking giant JPMorgan has ended. In a March 8 tweet, Gemini said: “Despite reporting to the contrary, Gemini...
GE stock has skyrocketed 80% in 5 months — JPMorgan says that’s a problem
JPM thinks GE’s stock (GE) could power down in the months ahead after a sizzling five-month run. “While we see an excellent business in aerospace and potential in Vernova, GE is up ~80% ov...
JPMorgan Spells Out ‘Volmageddon’ Risk on Zero-Day Option Craze
(Bloomberg) — JPMorgan Chase & Co. strategists are throwing fresh light on their contentious warning that the craze for zero-day options raises the risk of a market-wide “Volmageddon 2.0.” M...
Signature can ‘thread the needle’ on cutting crypto as Silvergate collapses: JPMorgan
As crypto-exposed bank Silvergate Capital (SI) faces financial and regulatory concerns that have raised questions about its long-term viability, analysts at JPMorgan maintained optimism about shares o...
JPMorgan Says Quants to Sell $50 Billion of Stocks If Chart Test Fails
(Bloomberg) — After fueling the big Wall Street rebound, trend-following quants now look poised to offload stocks if the S&P 500 falls below a key technical threshold, warns JPMorgan Chase &...
JPMorgan Says Prepare to Dump Value Stocks for Growth
(Bloomberg) — Last year’s strong outperformance in cheaper, so-called value stocks over growth peers is likely to reverse soon as the economic recovery slows, say JPMorgan Chase & Co. strate...
New Blockchain Innovation Lab Announced by JPMorgan in Greece
44 mins ago | 2 mins read Blockchain News The bank’s 2020-released Onyx platform will be the primary focus. Four new posts will be created to support the company’s new blockchain project. The global i...
JPMorgan to Open Blockchain Innovation Lab in Greece – Blockchain Bitcoin News
Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launch...
Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan
Its actions have also shown the SEC’s bias in viewing most crypto, with maybe bitcoin (BTC) as the only exception, as securities, the report said. It noted that SEC Chair Gary Gensler started pushing ...
JPMorgan Chase Restricts Staffers’ Use Of ChatGPT
Topline JPMorgan Chase has restricted the use of ChatGPT by its staff, Bloomberg and the Telegraph reported, becoming the latest organization to limit the use of OpenAI’s chatbot in the workplace foll...
Stock Market Likely Set For Another Plunge As Economic Warning Signs Abound, JPMorgan Cautions
Topline Despite growing hopes the U.S. may ultimately avoid an anxiously anticipated recession, JPMorgan economists are warning clients that a flurry of indicators are still flashing increasingly eeri...
JPMorgan Strategists Say Stock Rally Will Fade
(Bloomberg) — Stock investors that have turned too optimistic about the economic outlook are setting up for disappointment, according to JPMorgan Chase & Co. strategists. Most Read from Bloo...