A prominent senator has raised serious concerns about JPMorgan Chase's handling of Jeffrey Epstein's financial activities. The senator's report suggests that the bank may have deliberately underreported over $1 billion in suspicious transactions linked to Epstein, a convicted sex offender. This oversight, according to the report, hindered law enforcement's ability to...
Bond sales in the US are expected to hit an all-time high in 2026. The reason? A lot of it has to do with companies pouring money into AI. This surge in bond issuance is predicted to reach $1. 81 trillion. That's even higher than the previous record set in 2020, which was $1. 76 trillion. So, what's driving this? Well, companies have a lot of old debt coming due. T...
Circle, the company behind the popular stablecoin USDC, has been making waves in the financial world. Its stock has seen a wild ride since its debut on the New York Stock Exchange in June. Initially, shares skyrocketed, climbing a staggering 178% from their IPO price of $31. But then, things took a turn. The stock tumbled 67% from its June highs, presenting what some...
A former executive has been sentenced to over five years in prison for his role in a scheme that tricked JPMorgan Chase into buying a startup for a huge amount of money. Olivier Amar, who was the chief growth officer for the company Frank, was given 68 months behind bars. This comes after the founder of Frank, Charlie Javice, was sentenced to 85 months in prison earl...
Bitcoin might hit $170, 000 in the next year. That's what some experts think. They say the recent drop in price was just a small bump. Now, things are looking up again. The experts looked at how Bitcoin compares to gold. They found that Bitcoin is not as risky as it used to be. This makes it more attractive to investors. If Bitcoin becomes as popular as gold, its pr...
JPMorgan Chase is making a big move into the crypto world. They are planning to let big investors use Bitcoin and Ethereum as collateral for loans. This means that instead of selling their crypto, investors can borrow money by putting up their digital assets as security. This change is expected to happen by the end of 2025. This is a big deal because JPMorgan's CEO,...
Jamie Dimon, the CEO of JPMorgan, has been a vocal critic of cryptocurrencies for years. He has repeatedly dismissed Bitcoin and other digital assets as worthless, even going so far as to say he would shut down crypto if he were in charge. Despite his strong words, JPMorgan is now reportedly planning to allow institutional clients to use Bitcoin and Ether as collater...
JPMorgan Chase is on the hunt for top-tier bankers and investment experts to drive its ambitious $1. 5 trillion "resiliency" plan. This initiative, announced recently, aims to strengthen American security, innovation, and infrastructure through private sector investment rather than government funding. The bank is particularly interested in specialists from four key ...
JPMorgan has shared its list of stocks to consider shorting as the year progresses. This list includes big names like Tesla and Moderna, which the firm believes could see a drop in value. The market has been doing well, with the S&P 500 and Nasdaq reaching new highs. However, there's still uncertainty due to trade policies. Tesla is one of the top picks to short. An...
JPMorgan Chase is stepping up its game in the online investing world. The bank is all set to introduce new features in its mobile app. These features will allow users to research and buy bonds and brokered CDs. This move is part of a bigger plan to attract investors who trade a few times a month. The bank's chief executive, Jamie Dimon, recently spoke about this at ...