JPMorgan
Global Markets in Crisis: South Korea Acts, U.S. Banks Slide
Global markets face turmoil as recession fears hit U.S. banks and Asia's major indices experience severe declines. South Korea initiates emergency measures after a market…
JPMorgan Issues Warning on Mt. Gox Bitcoin Sales, Predicts Volatility
Mt. Gox creditors are expected to sell substantial Bitcoin receivables, impacting market dynamics. The sale could introduce significant Bitcoin supply, potentially creating price volatility. JPMorgan's…
Are Big Banks the Real Villains? Viral Video Exposes Their Dark Secrets
Major banks influenced critical financial crises, including the 1930s Great Depression and 2008's mortgage fallout. Banks like Citibank profited from financing both sides during the…
SEC Gives Ethereum ETF Applicants a Friday Ultimatum: Revise or Risk Rejection
The SEC has asked ETH ETF issuers to bring their S-1 filings by Friday. JPMorgan analysts said that spot ETH ETFs will not see significant…
London’s Kroo Bank Halts Crypto Transfers, Points to Scam Risks
Kroo Bank announces ban on crypto transactions, citing increasing cases of crypto scams. From May 30, 2024, Kroo Bank will not support any cryptocurrency-related transactions.…
Wall Street Banks Test Tokenization with Chainlink, DTCC
Chainlink, DTCC pilot tests tokenization of funds. Project involved major US banks like BNY Mellon, JPMorgan. Success paves way for wider use of blockchain in…
Wall Street Giants Unveil Crypto Plans To Boost Institutional Adoption
Renowned financial institutions set to test novel blockchain-based regulated settlement network. Identified institutions for the test include JP Morgan, Citi, Wells Fargo, Visa, and Mastercard.…
JPMorgan and Goldman Sachs Expect Fed’s First Interest Rate Cut in July
The Federal Reserve is expected to keep the interest rate unchanged after the FOMC meeting. JPMorgan and Goldman Sachs believe the Fed will reduce interest…
Morgan Stanley Allows 15,000 Brokers to Recommend Bitcoin ETF Purchase
Morgan Stanley allows 15,000 brokers to solicit customer purchases of Bitcoin ETFs. The firm plans to implement risk tolerance requirements and limits on allocation and…
Interest Rates Remain Unchanged at a 23-Year High After FOMC Meeting
The Federal Reserve announces that the interest rate will remain unchanged at 5.25% to 5.5%. Chair Jerome Powell narrates the interest rate’s strong influence on…
