JPMorgan

The Latest

  • JPMorgan Chase Profits Surge, Claiming 20% of U.S. Banking Industry Earnings
    Fed Lifts Restrictions On JPMorgan Imposed After Forex Manipulation
    Riding the tailwind of its acquisition of First Republic Bank, JPMorgan Chase has significantly bolstered its earnings in the tumultuous year of 2023, further solidifying its leadership in the U.S. banking sector.
  • JPMorgan CEO Warns of Potential Recession: Believing in Prolonged U.S. Economic Boom is a "Huge Mistake"
    Fed Lifts Restrictions On JPMorgan Imposed After Forex Manipulation
    On Monday, September 11, JPMorgan CEO Jamie Dimon cautioned that while the U.S. economy is currently performing well, investors would be making a "huge mistake" if they believed this trend would continue for several more years.
  • JPMorgan Settles Epstein Victims' Lawsuit for $290M, No Admission of Wrongdoing
    Fed Lifts Restrictions On JPMorgan Imposed After Forex Manipulation
    In a move to quell ongoing litigation, JPMorgan Chase has consented to a settlement of approximately $290 million for a class action lawsuit brought by victims of Jeffrey Epstein, according to an undisclosed source. This resolution signifies a significant development in the legal proceedings concerning the bank's controversial ties with the disgraced financier.
  • JPMorgan Asset Management CIO Warns of Impending Recession: Calm Before the Storm
    Fed Lifts Restrictions On JPMorgan Imposed After Forex Manipulation
    Despite the recent consistent rise of the U.S. stock market, with widespread expectations that the Federal Reserve is nearing the end of its rate hike cycle and will pause next week, Bob Michele, a Wall Street veteran of four decades and the Chief Investment Officer (CIO) of JPMorgan's Asset Management business, worries that this is only the calm before the storm of recession.
  • JPMorgan Acquires Majority of First Republic Bank's Assets for $10.6 Billion
    JPMorgan Chase
    JPMorgan Chase & Co (JPM.N) announced on Monday that it will purchase the majority of First Republic Bank's (FRC.N) assets for $10.6 billion after the troubled lender was seized by regulators over the weekend. This marks the third major U.S. bank failure in two months and the largest since Washington Mutual in 2008.
  • JPMorgan Granted Temporary Permission to Process Payments for Russian Agricultural Bank
    JPMorgan Chase
    The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system.
  • JPMorgan CEO Jamie Dimon Leads Rescue Plan Talks for First Republic Bank - WSJ
    Jamie Dimon, CEO of JPMorgan Chase
    JPMorgan Chase & Co CEO Jamie Dimon is reportedly leading preliminary discussions on a rescue plan for First Republic Bank, according to sources cited by the Wall Street Journal.
  • Chinese Stocks See Rise In Hedge Funds As Zero-COVID Dwindles
    NO MORE ZERO COVID
    Chinese equities are recovering their popularity in global portfolios, with investors adding more than they shorted in eight of the past 10 weeks
  • U.S. CEOs Say Americans Should Brace For Recession Amid Tight Labor Market
    JPMorgan CEO
    Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both predict a U.S. recession and that the Fed would keep raising rates.
  • JPMorgan CEO Reiterates Dislike For "Decentralized Ponzi" Crypto
    NON-BELIEVER
    JPMorgan CEO Jamie Dimon has been outspoken about his distrust of cryptocurrencies.
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