Tagged: jp morgan

Visa and JP Morgan Payments to Enable Faster Money Movement in the US via Visa Direct

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

Jamie Dimon on Fintech: Banking system as we know it is shrinking relative to private markets and Fintech

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

OCC Announces $250M Civil Money Penalty Against JPMorgan Chase

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

Fundrise Receives $770 Million in Credit Facility from JP Morgan

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

JP Morgan Asset Management, iCapital to Expand Private Market Offerings to APAC’s Wealth Investors

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

Here is the Testimony from Jamie Dimon, CEO of JP Morgan, Delivered to the US Senate Banking Committee

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

JPM Coin Doing $1 Billion Daily, Avalanche Jumps as Pilot with JPM Revealed

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

Trulioo to Power Identity Verification for JP Morgan Payments – Globally

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

Frank Executive Hit with More Charges by SEC

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

Frank Founder Charlie Javice Indicted for Four Counts of Fraud

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

Is PacWest Next? Pacific Western Bank Craters in After Hours Trading

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

McHenry Comments on JPM Takeover of First Republic Bank

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

JP Morgan to Acquire First Republic Bank as FDIC Takes Over Floundering Bank

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

JP Morgan Severs Relationship with Gemini, Crypto Firm Disputes Claim: Report

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

Jamie Dimon Calls Bitcoin a Hyped Up Fraud. Pet Rock

  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

JP Morgan CEO Jamie Dimon Calls Crypto “Pet Rocks,” Hammering Crypto Markets Once Again

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

Blockchain: DBS Completes Repurchase Transaction using JP Morgan’s Onyx Application

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

Singapore: DBS Tests FX Trading, Government Securities Using Blockchain

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public blockchain to test FX trading and government securities transactions. According to DBS, the first industry pilot included JP Morgan, and SBI Digital Asset… Read More

JP Morgan CEO Jamie Dimon Calls Cryptocurrencies Ponzi Schemes

During the House Financial Services Committee hearing on Megabanks today, JP Morgan CEO Jamie Dimon was asked about his opinion on blockchain technology. Dimon said he was not a skeptic when it comes to blockchain, smart contracts, Defi, etc., these are real things in which… Read More

Today: Hearing on Megabanks at House Committee on Financial Services

As was previously announced the House Financial Services Committee will be holding a hearing tomorrow (September 21st) entitled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.”  The largest banks in the US will each have CEOs participating in the hearing, including: Jamie Dimon,… Read More

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