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JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans

JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans

US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives. The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) say the lenders’ so-called “living wills” – which in part detail how banks could safely unwind their derivatives portfolios without requiring government […]

The post JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans appeared first on The Daily Hodl.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

TradFi ‘Dominating’ Tokenization of Real World Assets Trend, According to Kaiko Analytics

TradFi ‘Dominating’ Tokenization of Real World Assets Trend, According to Kaiko Analytics

Traditional finance (TradFi) is starting to take the lead on tokenizing real-world assets (RWA), says blockchain data tracker Kaiko Analytics. According to a new Kaiko Research post, TradFi giants like Fidelity, JPMorgan, and BlackRock are leading the new wave of RWA tokenization using crypto. “Last week, Fidelity International announced its participation in JPMorgan’s tokenized network, […]

The post TradFi ‘Dominating’ Tokenization of Real World Assets Trend, According to Kaiko Analytics appeared first on The Daily Hodl.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan Questions Sustainability of  Billion Crypto InflowsJPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says

JPMorgan Questions Sustainability of  Billion Crypto InflowsAs of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market DominanceA report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from wallstreetonparade.com, underscores the increasing concentration of profits within […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

JPMorgan Chase Accused of Leaking Customers’ Personal Information and Social Security Numbers in Secret Facebook Transmissions: Class-Action Lawsuit

JPMorgan Chase Accused of Leaking Customers’ Personal Information and Social Security Numbers in Secret Facebook Transmissions: Class-Action Lawsuit

A new proposed class-action lawsuit accuses JPMorgan Chase of illegally sending sensitive personal information on its own customers directly to Facebook. In a complaint filed in the U.S. District Court for the Southern District of New York, plaintiff Daniel Onn alleges JPMorgan has violated the California Invasion of Privacy Act on a massive scale. According […]

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Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

US Government Seizes $5,254,133 in JPMorgan Chase Bank Accounts, Alleges Funds Stolen in Sophisticated Scheme

US Government Seizes ,254,133 in JPMorgan Chase Bank Accounts, Alleges Funds Stolen in Sophisticated Scheme

The US Government has seized $5.25 million in six bank accounts at JPMorgan Chase, alleging the funds are the proceeds of a sophisticated fraud scheme. A complaint filed by the US Justice Department says the funds were stolen from a workers union in Massachusetts that was tricked into wiring millions of dollars directly to scammers. […]

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Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

JPMorgan Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 in One Year To ‘Dirty Little Secret Called Zelle’: Senate Committee Chairman

JPMorgan Chase, Bank of America and Wells Fargo Customers Lose 6,000,000 in One Year To ‘Dirty Little Secret Called Zelle’: Senate Committee Chairman

JPMorgan Chase, Bank of America and Wells Fargo are failing to protect customers from hundreds of millions of dollars in scams and fraud per year, according to a US Senate panel. At a hearing held by the Permanent Subcommittee on Investigations, Democratic Senator and Chairman Richard Blumenthal said the banking giants’ customers submitted claims to […]

The post JPMorgan Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 in One Year To ‘Dirty Little Secret Called Zelle’: Senate Committee Chairman appeared first on The Daily Hodl.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

JPMorgan Chase To Launch Biometric Payments Next Year, Enabling ‘Pay With Your Face’ Shopping: Report

JPMorgan Chase To Launch Biometric Payments Next Year, Enabling ‘Pay With Your Face’ Shopping: Report

JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses. The banking giant is preparing a “broad rollout” of an authentication system that will allow retail shoppers to pay with their face or palm next year, reports American Banker. The system is the result of two pilot projects with the California-based […]

The post JPMorgan Chase To Launch Biometric Payments Next Year, Enabling ‘Pay With Your Face’ Shopping: Report appeared first on The Daily Hodl.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs

JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFsJPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower demand compared to bitcoin ETFs. The global investment bank also cautions that approximately $1 billion may exit the Grayscale Ethereum Trust, putting downward pressure on ether prices shortly after the launch of spot ethereum ETFs. ‘Initial Market Reaction to […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply