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Nalezeno "JPMorgan ": 786

JPMorgan Welcomes Coinbase and Gemini as First Crypto Clients - Report


Crypto exchanges Gemini and Coinbase become the first crypto clients of the major investment bank JPMorgan Chase, the Wall Street Journal reported today, citing undisclosed people familiar with the matter. Coinbase and Gemini's account were approved in April, while transactions are starting to...

Largest US Banks Expect Billions in Loan Losses, Profits Plunge


Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...

JPMorgan, Bank of America, Deutsche Bank Predict Major Recession


Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...

‘World is Ready for Private Money’ - JPMorgan


The world may be on the verge of large-scale adoption of “private money” such as Facebook’s Libra, a major investment bank predicts, although there are still hurdles to overcome before the vision can become reality. According to the JPMorgan Perspectives report, released this past weekend by...

JPMorgan Might Merge Quorum With ConsenSys - Report


Within the next six months, U.S.-based investment banking giant JPMorgan Chase is likely to announce that its blockchain unit Quorum is merging with major bockchain company ConsenSys, Reuters reported, citing people familiar with the plans. Both companies are already in talks over this potential...

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