news agency

Tag: JPMorgan

JPMorgan to pay $290 million to victims of Jeffrey Epstein

JPMorgan to pay $290 million to victims of Jeffrey Epstein JPMorgan to pay $290 million to victims of Jeffrey Epstein

the american bank JPMorgan Chase will pay $290 million to alleged victims of the late financier Jeffrey Epsteinaccused of sexual exploitation of minors, after an agreement announced on Monday that avoids him a high-impact media trial. The sum, initially reported by the Wall Street Journal, was confirmed to AFP by one of the victims’ lawyers, […]

With the US economy slowing, the Fed focuses on inflation

With the US economy slowing, the Fed focuses on inflation With the US economy slowing, the Fed focuses on inflation

Dark clouds are gathering over the US economy, but the Federal Reserve (Fed)which will meet this week, maintains the course of its strategy despite the looming storm and seeks to continue trying to tame the inflation. The priority of the Fed (central bank), whose economic policy committee will deliberate Tuesday and Wednesday, is to prevent […]

JPMorgan is the bank that invests the most in AI, according to index

JPMorgan is the bank that invests the most in AI, according to index JPMorgan is the bank that invests the most in AI, according to index

The Wall Street bank hires more people with the necessary AI skills, files more patents, and makes more public pronouncements about the uses and implications technology ethicsas shown by the index Evident AI posted on Thursday. The ranking is based on 143 publicly available data points for 23 major banks. Seven of the top 10 […]

JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet

JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet

JPMorgan Chase & Co. is the Chinese tycoon’s biggest nickel trading counterparty caught in an unprecedented short squeeze, putting the bank at the center of one of the most dramatic moments in metals market history. Some 50,000 tons of the total nickel short position of XiangGuangda, of more than 150,000 tons, is maintained through an […]

JPMorgan, Toshiba and Ciena find a new way to protect the blockchain with quantum network

JPMorgan, Toshiba and Ciena find a new way to protect the blockchain with quantum network JPMorgan, Toshiba and Ciena find a new way to protect the blockchain with quantum network

Updated on 02/17/2022 10:50 am A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp claim to have successfully demonstrated that a newly developed powerful encryption network can be used to protect communications on the blockchain. The group of researchers claims that it is the first time that a […]

JPMorgan: US corporate debt could attract more foreigners

JPMorgan: US corporate debt could attract more foreigners

Updated on 02/13/2022 04:14 am European and Asian investors, some of the largest buyers of investment-grade corporate bonds in U.S in recent years, they could soon increase their debt purchases now that yields have risen, according to strategists at JPMorgan Chase & Co. The average US investment-grade corporate bond posted a 2.93% yield as of […]

JPMorgan and Scotiabank: Chile should evaluate emergency hike

JPMorgan and Scotiabank: Chile should evaluate emergency hike

Updated on 02/09/2022 03:30 am The Central Bank of Chile should consider an interest rate hike before its next policy meeting, after inflation surprised investors by more than doubling expected, according to JPMorgan Chase & Co. and Bank of Nova Scotia. Inflation expectations are rising, and waiting until the March 29 rate meeting to raise […]

JPMorgan urges employees to exercise caution as cases rise

JPMorgan urges employees to exercise caution as cases rise

Updated on 12/20/2021 04:40 am JPMorgan Chase & Co., without actually prohibiting their teams from Wall Street hold year-end meetings, urged employees to “exercise caution and good judgment” if they do meet, in addition to being tested for COVID-19 before returning to work after vacation. “We strongly recommend postponing any events where it is difficult […]

Regulators name JPMorgan as the most important bank for the global financial system

Regulators name JPMorgan as the most important bank for the global financial system

JPMorgan was once again named the world’s leading bank for the health of the financial system, based on the latest annual ranking of top lenders issued by international regulators. The Financial Stability Board (FSB), made up of regulators from the G20 group of economies, published its latest table of the 30 most systemically relevant banks […]

Immediate Access Pro