Page 4 - Jpmorgan Chase & Co

JPMorgan to add India to its emerging-markets bond index in June 2024

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan sees India's share sale boom reaching $30 billion in 2024

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg

Trailblazing rules to boost India's ESG mkt, to attract investors: JPMorgan

India rolled out several measures over past 2 years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under 6 types of ESG strategies

JPMorgan, other top banks likely to face ratings cut, says Fitch Ratings

Stocks sink on downgrade warning

Billionaire James Crown dies in racetrack accident in Colorado at age 70

He was also the longest-serving board member of JPMorgan Chase & Co., having been a director for the bank or its predecessor firms going back to 1991

JPMorgan to pay $4 mn fine to SEC as it mistakenly deletes 47 mn records

Brokerages like JPMorgan Securities are required to retain records of business communications sent and received for at least three years, the SEC said

JPMorgan to pay $290 mn to Epstein's victims in class action lawsuit

JPMorgan Chase announced a $290 million tentative settlement Monday with the victims of Jeffrey Epstein who had accused the bank of being the financial conduit that allowed the financier to continue operating a sex trafficking operation. Epstein was arrested in 2019 on federal charges accusing him of paying underage girls for massages and then molesting them at his homes in Florida and New York. He was found dead in jail in August of that year, at age 66. A medical examiner ruled his death a suicide. The lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein's decades-long abuse of teenage girls and young women. A related lawsuit has been filed in the U.S. Virgin Islands. The proposed settlement comes roughly two weeks after JPMorgan Chase CEO Jamie Dimon testified in a deposition for the case, where he denied knowing about Epstein and his crimes until the financier was arrested in 2019, according to a transcript of the videotap

CEO Jamie Dimon has 'no plans' to run for office, says JPMorgan spokesman

Bill Ackman said last week that Dimon should run for president in 2024, describing him as a political centrist who could beat President Joe Biden in a primary or Trump in election

JPMorgan profit surges 52% in Q1 on back of robust consumer business

The bank's profit increased 52% to $12.62 billion, or $4.10 per share, in the three months ended Mar. 31

Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon

The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said

Too-big-to-fail US lenders rake in deposits after three banks fail

JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days, and Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. are also seeing higher-than-usual volume

'Shockingly low' number of startups in Asia led by women, says JPMorgan

Women remain heavily under-represented at the top echelons in high-growth private businesses in the region, with only 848 of nearly 15,000 firms across the region led or founded by a woman

How JPMorgan was cheated of $175 million by a 'teenage prodigy'

JPMorgan claimed that Frank's young founder, Charlie Javice, had engaged in an elaborate scheme to stuff that list of five million customers with fakery

Morgan Stanley cuts CEO Gorman's Pay 10% to $31.5 mn after turbulent 2022

The package includes $1.5 million in salary and a $7.5 million cash bonus, the firm said in a filing Friday

Foreigners turn sellers of Indian sovereign bonds on index disappointment

The outflow from the so-called Fully Accessible Route, or FAR, securities marked the first such withdrawal in seven months

HSBC says exploring sale of Canadian operations for latest disposal

A potential sale of HSBC's 100% equity stake in HSBC Bank Canada is among the options being explored, the lender said in a statement.

India rules out tax policy changes for inclusion of bonds in global indices

The government doesn't plan to waive capital gains taxes, and it's concerned that foreign inflows will increase the volatility of local markets

JP Morgan CEO Dimon slams crypto tokens as 'decentralised Ponzi schemes'

"I'm a major skeptic on crypto tokens, which you call currency, like Bitcoin," the JPMorgan Chase & Co CEO James Dimon said

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage

Oil retreats as China's stimulus package fails to allay concerns

Beijing rolls out measures to try to support Covid-hit economy