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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
JP Morgan’s Jamie Dimon: Facebook’s Crypto Isn’t a Short-Term Concern
17.7.2019
“We’re going to be talking about Libra three years from now," JPMorgan Chase CEO Jamie Dimon said Tuesday
JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War
11.7.2019
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...
Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society
10.7.2019
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference...
Technology Arms Race Hots Up As JP Morgan Commits To Investing in AI
3.7.2019
As anyone might have noticed, technology has totally changed the way banking operates nowadays and it is perhaps even more so when it comes to professional trading. Over the years, banks have created complex algorithms and software application in order to maximize the returns from their hedge...
Goldman Sachs Hints At Exploring Its Own Crypto Much Like J.P. Morgan
29.6.2019
The crypto space is an exciting industry that’s presently driving in interests from across industry verticals. The latest entity to have expressed its interest to venture into this space is one of the most prominent American MNC banks, Goldman Sachs. David Solomon, the CEO of Goldman Sachs,...
Facebook Holds Talk With Banks For Libra Association
21.6.2019
While introducing a new payment system or currency that is meant for replacing the old one, banks play the most vital role that cannot be replaced by any other institution. Previously Facebook had partnered with MasterCard, PayPal, and Visa the most robust payment networks, but it had missed...
Morgan Stanley Predicts Recession Within a Year if Trade War Drags On
3.6.2019
The prolonged trade war between the United States and China has been one of the most damaging diplomatic and economic developments over the past few months. Despite the hope that the issue was going to be resolved, all talks broke down last month and soon enough, the problem escalated...
State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020
30.5.2019
Insurance giants State Farm and USAA are in advanced testing of a blockchain to automate claims processing
The Blockchain Development Team Of JP Morgan Enhances Features For Its Quorum Blockchain
29.5.2019
The blockchain team of JP Morgan, the world’s Sixth major financial organization has created an extension that will serve the Ethereum based blockchain. Through the new extension, it will provide complete privacy, and it will also hide the amount of money sent and from which address it is being...
JPMorgan Adds New Privacy Features to Its Ethereum-Based Quorum Blockchain
28.5.2019
JPMorgan has developed a new privacy feature for ethereum-based blockchains that hides both the sender and the amount in a transaction
World’s Biggest Investment Banks to Face Class Action Lawsuit in Australia
27.5.2019
Earlier this month, some of the world’s biggest investment banks were found to have been involved in widespread foreign exchange manipulation by the regulatory authorities in the European Union. At the time, it came to light that some of the traders employed with the biggest names in investment...
Zcash(ZEC) Price Analysis: Zcash Recent Rise Of 36% In 3 Days May Take It To 300 USD By 2019
24.5.2019
With its unique capability of both transparent or being shielded for the highest level of secured transactions by zk-SNARK makes Zcash(ZEC) the preferred digital asset. Its partnership with JP Morgan in 2017 to develop stable altcoins under the Quorum project increased its popularity among both...
Morgan Creek CEO Says Every Investor Should Hold Some Bitcoin
24.5.2019
Mark Yusko of Morgan Creek Capital says bitcoin is a great diversifying asset and belongs in every portfolio
As Deutsche Bank Shares Hit New Lows, CEO Promises Tough Cuts
23.5.2019
At one point of time, German banking giant Deutsche Bank was looked upon as being in the same category of some of the biggest banks of the world like Goldman, JP Morgan, and Barclays among others, as it set its sights on international domination. However, the financial crisis of 2008 burned...
Leading French Asset Manager Tikehau Sells Stake to Banking Giant Morgan Stanley
20.5.2019
For an asset management company of any stripe, an investment from blue-chip banks to the world of high finance are possibly the most coveted and for French asset management firm Tikehau that was surely the case. The firm had been looking for investment and collaboration with investors from North...
Japan’s Topix May Increase By 15% In 2020: Morgan Stanley
17.5.2019
Morgan Stanley, a leading investment bank, is expecting the Japanese Topix to increase by close to 15% by mid of 2020. As per a report published last week, it says that the Japanese stocks are the opposite of American stocks. While the American stocks are loved, the Japanese stocks are ‘oversold...
European Union Fines 5 Top Banks 1 Billion Euros for Foreign Exchange Market Rigging
17.5.2019
Over the course of their history, some of the biggest banks in the world have often colluded to rig the different markets in which they operate, and much of that has come out in the open over the past decade or so. The fixing of LIBOR was a case in point, and in a new …
The post European...
India’s Manipal Health Enterprises Set to Get Rs.145 Crore Investment from Morgan Stanley
16.5.2019
The investment will also constitute an Rs. 100 crores investment in Healthmap, which is a diagnostic imaging initiative in partnership with the government. The Indian private health care industry has grown exponentially over the course of the past two decades, and much of that has to do with...
Bitcoin Will Reach $400K In a Decade, Predicts the Founder of Morgan Creek
13.5.2019
Ever since the start of the year, Bitcoin has been experiencing considerable gains. That, in a definitive way, seems to provide enough ground for experts to make fascinating predictions involving the globally popular digital currency. One such prediction has been made by Mark Yusko, the CEO, Chief...