Tagged: jp morgan

September 20, 2024 @ 9:02 am By JD Alois  |  

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

August 8, 2024 @ 10:41 am By Omar Faridi  |  

JP Morgan Payments announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States. The pay-by-face biometric payment solution “allows shoppers to complete transactions more seamlessly, removing the need for customers to pull out their phones or credit cards.”… Read More

July 26, 2024 @ 1:01 pm By JD Alois  |  

Artificial Intelligence (AI) is quickly becoming ubiquitous and not just in financial services. While some worry that AI may remove the need for real people to do real jobs, most predict that AI will remove labor-intensive tasks from the stack, allowing individuals to focus on… Read More

May 7, 2024 @ 8:44 am By Omar Faridi  |  

Visa Inc. (NYSE: V) and JP Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US through the Visa Direct network. With Visa Direct’s extensive… Read More

April 11, 2024 @ 10:51 am By JD Alois  |  

The most respected bank executive in the world, Jamie Dimon, CEO of JP Morgan Chase (NYSE:JPM), posted his annual shareholders letter today. The letter covered a wide range of topics, including politics and policy. Dimon’s opinion is widely followed in the financial services world, as… Read More

March 16, 2024 @ 5:21 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) recently announced a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) (NYSE: JPM) related to deficiencies in its trade surveillance program. The OCC found that JPMC allegedly operated “with gaps in trading venue… Read More

March 12, 2024 @ 3:02 pm By JD Alois  |  

Fundrise, an online investment platform that specializes in real estate assets, has received a $770 million credit facility from JP Morgan. The financing was revealed earlier this month and is expected to be used for “35 purpose-built rental communities” or 4000 build-for-rent (BFR) units. These… Read More

March 6, 2024 @ 4:22 pm By Omar Faridi  |  

JP Morgan Asset Management (JPMAM), a global asset manager with US$213 billion in alternative assets under management, and iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced a partnership to open up access “for APAC wealth managers… Read More

December 8, 2023 @ 9:55 am By JD Alois  |  

This week, the Chief Executives of the largest banks in the United States visited with the US Senate Banking Committee for the Annual Oversight of Wall Street Firms. Much of the discussion revolved around the “Basel 3 End Game” (B3E) a new set of banking… Read More

November 17, 2023 @ 9:56 am By JD Alois  |  

Distributed ledger technology, or blockchain, received some good news regarding its utility in establishment finance. Speaking at the annual Singapore Fintech Festival, Umar Farooq, JP Morgan’s (NYSE:JPM) Global Head of Financial Institution Payments, said that JPM Coin is now doing approximately $1 billion daily in… Read More

October 19, 2023 @ 3:04 pm By JD Alois  |  

Trulioo has been selected by JP Morgan (NYSE:JPM) to provide identity verification for payments globally. This is for both individual and business validation. Trulioo did not shed light on the agreement but working with JPM is quite a validation of their services and the contract… Read More

July 13, 2023 @ 10:39 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed additional charges in regard to the Frank case and its sale to JP Morgan for $175 million in 2021. According to a statement by the SEC, former Chief Growth Officer of Frank, Olivier Amar, has been charged… Read More

May 19, 2023 @ 10:47 am By JD Alois  |  

A grand jury has issued an indictment in the case of Frank, a Fintech that helped college students gain access to grants and loans, and its founder Charlie Javice. The charges include bank fraud, wire fraud, conspiracy, and securities fraud while demanding the forfeiture of… Read More

May 3, 2023 @ 6:58 pm By JD Alois  |  

Perhaps Jamie Dimon’s All Clear regarding the bank crisis – telling everyone to take a deep breath after JP Morgan Chase (NYSE:JPM) took over First Republic Bank (NYSE:FRC) was a bit premature. In after-hours trading, PacWest’s (Pacific Western Bank) (NASDAQ:PACW) shares are cratering – currently… Read More

May 1, 2023 @ 10:28 am By JD Alois  |  

As was previously reported, First Republic Bank has gone into receivership by the Federal Deposit Insurance Corporation (FDIC) – now representing the second-largest bank failure in history. JP Morgan Chase (NYSE:JPM) has stepped in to take over the bank as a bidding process took place… Read More

May 1, 2023 @ 8:44 am By JD Alois  |  

First Republic Bank (NYSE:FRC) was briefly shuttered by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) stepped in as receiver of the bank following weeks of speculation that FRB would be the next shoe to drop in the… Read More

March 8, 2023 @ 4:20 pm By JD Alois  |  

JP Morgan (NYSE:JPM) has severed its relationship with the Winklevoss brothers crypto platform Gemini, according to a report by Reuters. The article cited a contact that was “familiar with the situation.” At the same time, Gemini is disputing the claim. In a Tweet, Gemini stated… Read More

January 19, 2023 @ 9:06 am By JD Alois  |  

  Jamie Dimon has returned to CNBC bashing crypto once again. In an interview at Davos, the CEO of JP Morgan (NYSE:JPM) was asked about Bitcoin and cryptocurrency. Dimon said he wondered out loud why CNBC spent so much time on crypto, calling Bitcoin a… Read More

December 6, 2022 @ 9:45 am By JD Alois  |  

Jamie Dimon, CEO of JP Morgan (NYSE:JPM) – the most respected CEO on Wall Street, visited with CNBC today in an extended interview that also involved a brief discussion on crypto. In the past, Dimon has been highly critical of cryptocurrencies, recently describing crypto as… Read More

November 23, 2022 @ 4:41 pm By JD Alois  |  

DBS, a large Asian bank based in Singapore, is reporting that it has become the first bank in Asia to complete an intraday repurchase transaction on JP Morgan’s intraday repurchase application on Onyx Digital Assets. The application is a blockchain-based network that supports instant settlements… Read More