America’s biggest banks are reporting a rapid increase in the number of substandard, doubtful and potentially loss-making loans on their balance sheets, according to a new report. The amount of money tied up in criticized loans, which show emerging signs of risk and weakness that could lead to defaults, just reached its highest level since […]
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An agency tasked with identifying and regulating global systemically important banks (G-SIBs) says JPMorgan Chase stands alone as the world’s most “too big to fail” financial institution. The Financial Stability Board’s (FSB) new list of critically important banks places JPMorgan Chase as the only bank in “bucket 4” – a distinction that forces the lender […]
The post JPMorgan Chase Declared World’s Most ‘Too Big To Fail’ Bank As Bank of America’s Global Systemic Importance Drops: Report appeared first on The Daily Hodl.
JPMorgan has warned the Elon Musk-led Department of Government Efficiency (DOGE) will face significant hurdles, citing Congress’ control over spending. Elon Musk’s DOGE Sparks Debate as JPMorgan Casts Doubt on Its Feasibility JPMorgan Chase released a report on Nov. 22, evaluating the newly formed Department of Government Efficiency (DOGE). Established under President-elect Donald Trump and […]
JPMorgan Chase has now paid more than $40 billion in total fines and settlements to regulators, enforcement agencies and lawsuits related to anti-competitive practices, securities abuses and other violations. That’s according to new numbers from the public Violation Tracker, a corporate misconduct database that tracks cases from the year 2000 until now. In the last […]
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Several Wall Street banking giants are forecasting blue skies for US equities – at least until 2024 comes to a close. Morgan Stanley chief US equity strategist Mike Wilson tells Bloomberg that he expects the S&P 500 to revisit all-time high levels by the end of the year. But Wilson warns equities will likely see […]
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U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […]
A market rally for crypto and stocks shows potential benefits for significant economic gains under Trump’s presidency. Pro-Crypto Policies to Deliver Huge Benefits to US Economy Markets have continued to react to Trump’s re-election with bitcoin hitting an all-time high on Tuesday. In addition, a Quartz study revealed that following Trump’s victory, shares of JPMorgan […]
After leaving crypto liquidity firm GSR in 2023, former Millennium and Pimco executives are coming back to crypto by launching a dedicated advisory firm.
Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Co (Pimco), are reentering the cryptocurrency space amid a major market rally.
Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on Nov. 11.
Expected to launch in November 2024, x2B will advise crypto projects on sectors like fundraising, tokenomics and market-maker strategy, exchange listing and treasury management.
Billionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to a new report. The famed investor reduced Berkshire’s positions by a net $127 billion in 2024, reports Barron’s, making headlines for dumping approximately $100 billion of Apple shares and $10 billion of Bank […]
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JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple […]
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