JPMorgan

The Latest

  • 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.
  • JPMorgan Explores Decentralized Finance Tokenization With Singapore
    IN HIDING
    The program is seen to facilitate crypto trading on platforms using existing financial systems.
  • JPMorgan Is First U.S. Bank To Open A Business Lounge Inside The Metaverse
    JPMorgan Chase
    America's largest bank opened the doors to its virtual lounge in Decentraland called the Onyx Lounge.
  • JPMorgan Files $162 Million Lawsuit Against Tesla In Dispute Over Warrants
    TERMINATED
    Tesla's failure to comply with JPMorgan's demands amounted to default, the bank said.
  • Go Green Before You Get The Green: Activist Investors Demand Banks Halt Lending To Polluters
    Banking
    Despite climate change goals set by some big banks, a lot of lending still goes to "carbon-intensive activities."
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