Hundreds of billions of dollars in deposits has left America’s four biggest banks in the past year, according to new data from S&P Global. In a new market report, S&P analysts say the entire US banking industry has lost a total of $872 billion in a year that witnessed the collapse of three large American […]
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The chief executive of banking titan JPMorgan is warning that the United States is facing two exceptional headwinds. In a new Bloomberg Television interview, Jamie Dimon says that he’s keeping a close watch on two extraordinary macro factors that could hit the US economy and produce different outcomes. According to Dimon, he’s worried about the […]
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JPMorgan chief executive Jamie Dimon says that the global economy is facing a far greater risk than persistent inflation or high interest rates. In a new interview on CNBC India, Dimon says that people should prepare for higher oil and gas prices as well as higher interest rates. While Dimon is urging people and businesses […]
The post JPMorgan CEO Jamie Dimon Says This Is the Number One Risk Threatening Global Economy – And It’s Not Inflation appeared first on The Daily Hodl.
Financial giant JPMorgan’s Chase Bank in the UK is reportedly banning transactions to crypto platforms, referring to an uptick in scams targeting its customers. According to a new report from Reuters, the crypto ban at Chase will go into effect on October 16. Says a Chase spokesperson, “We’ve seen an increase in the number of crypto […]
The post JPMorgan’s Chase Bank Announces Ban on Crypto Transactions, Citing Increase in Scams Targeting Customers: Report appeared first on The Daily Hodl.
A seemingly unrelenting wave of debt is piling onto America’s balance sheet. New data from the U.S. Treasury Department show the federal debt increased by over $296.524 billion from August 8th to September 8th, reaching a total of $32.940 trillion. The new numbers come as JPMorgan Chase CEO Jamie Dimon issues a warning on America’s […]
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Four banking giants are preparing to pay nearly half a billion dollars to settle a class action lawsuit brought against them for allegedly attempting to thwart competition in the stock-lending market. JPMorgan, Goldman Sachs, UBS and Morgan Stanley have agreed to collectively pay $499 million to end the suit, which was filed in 2017 by […]
The post JPMorgan Chase, Goldman Sachs, UBS and Morgan Stanley Agree To Pay $499,000,000 Over Anti-Competitive Accusations appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) says that two former JPMorgan Chase precious metals traders have been sentenced to prison for engaging in schemes to manipulate the market. In a press release, the DOJ says that ex-JPMorgan precious metal directors Gregg Smith and Michael Nowak rigged the markets by taking part in unlawful trading practices […]
The post Former JPMorgan Chase Executives Sentenced to Prison Over Market Manipulation Scheme That Triggered $10,000,000 in Losses appeared first on The Daily Hodl.
JPMorgan Chase says a customer who lost $24,000 in a sophisticated scam is out of luck – even though the funds were sent directly to a Chase bank account used by the scammer. New Jersey resident Todd Kirby says he received a text message on June 6th that appeared to be from Chase, asking if […]
The post JPMorgan Chase Rejects Customer’s Plea for Reimbursement After Criminal With Chase Bank Account Steals $24,000 appeared first on The Daily Hodl.
JPMorgan’s head of technical strategy is warning that the stock market may see further moves to the downside in the short to midterm. In a new CNBC interview, Jason Hunter says that JPMorgan is currently bearish on the stock market. According to Hunter, the “tide is turning” for the S&P 500 after the stock market […]
The post JPMorgan Technical Strategist Flips Bearish on the Stock Market, Says Tide Is Turning for Equities appeared first on The Daily Hodl.
Analysts from JPMorgan say that Bitcoin (BTC) currently has “limited downside” following the correction that took the king crypto to the $25,000 level. In a research report seen by Bloomberg, Nikolaos Panigirtzoglou says that legal and regulatory news caused a wave of selling in recent weeks which is “still reverberating.” Panigirtzoglou says that the sell-off […]
The post Worst of Recent Bitcoin (BTC) Correction Largely Behind Us, Says Banking Giant JPMorgan: Report appeared first on The Daily Hodl.
