Search Results for: JPMorgan Chase
Everything you need to know about Bitcoin and the new contender Ethereum
June 23rd, 2016
Well, if we leave the EU and the Pound plummets, there’s always Bitcoin,” a glum currency trader joked last week. “Assuming our computers still switch on after Brexit.” He was being facetious. But then the king of all currency ...
Pound Rises to Highest in 2016 Hours Before Brexit Vote Begins
June 23rd, 2016
Polls had indicated vote on EU membership is too close to call Foreign-exchange traders are bracing for heightened volatility The pound climbed to the strongest level this year as the U.K. prepares to vote on membership of the European ...
Top Currency Traders Warn White House Race May Echo Brexit Chaos
May 16th, 2016
Campaign trail rhetoric foreshadows dollar volatility ahead Policies on trade, currency manipulation may weaken greenback Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged ...
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
May 4th, 2016
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
Big U.S. banks to take on tech rivals with instant payments
March 9th, 2016
Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person’s account instantaneously by mobile phone. The idea has been in the works for ...
Standard Chartered Drops After First Annual Loss Since 1989
February 24th, 2016
Loan impairments almost double to $4 billion, highest ever CEO Winters says performance to remain `subdued’ in 2016 Bill Winters took more “painful” steps to turn around Standard Chartered Plc as the bank posted its first annual loss since ...
HSBC Posts 4th-Quarter Loss and Comes Under S.E.C. Scrutiny
February 23rd, 2016
HSBC said on Monday that it lost money in the fourth quarter and warned that it was being investigated for hiring candidates with ties to government officials in the Asia-Pacific region. The lender, which is based in Britain but generates ...
Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016
February 11th, 2016
New York bank closes bet on dollar strength versus euro, yen Divergent-rates policy still favors greenback, Himmelberg says Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the ...
FCA fines former Head of JP Morgan’s CIO International £792,900 for failing to be open and co-operative
February 9th, 2016
The Financial Conduct Authority (FCA) has today fined Achilles Macris £792,900 for failing to be open and co-operative with the Authority. Mr Macris was Head of CIO International for JPMorgan Chase Bank, N.A. in London. In the role he ...
