A year after calling geopolitics the world’s biggest risk, JPMorgan Chase CEO Jamie Dimon has sounded the alarm again, warning that the state of global stability has worsened. During his visit to India, Dimon told CNBC: “My attention is all about geopolitics, which can determine the state of the economy.” “Geopolitics is getting worse, not … Read more
Wells Fargo’s second-quarter revenue fell because it spent extra to retain deposits amid intense competitors for patrons’ cash, the lender mentioned on Friday. Banks at the moment are going through the results of upper rates of interest for longer as extra clients are reluctant to take out new loans at excessive prices. Banks are additionally … Read more
Chase Financial institution clients could face prices within the close to future. Based on a Wall Road Journal report, the most important US retail financial institution is warning that it could begin charging clients for his or her accounts. This may have an effect on roughly 86 million clients. The potential prices, says Marianna Lake, … Read more
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JP Morgan detected the change in the priorities of the managements of the Greek banks, during its recent trip to Athens, seeing that now, with interest income having peaked, bankers are focusing more on credit expansion and capital return options. A change that, as JP Morgan notes, is in the right direction, as Greek banks … Read more
Jakarta – The Russian government began ‘revenge’ for the various sanctions they received from western countries led by the United States (US) after a military attack on Ukraine. This time the country froze several assets of the largest US banks. Reporting from CNBC, Saturday (27/4/2024), a Russian court has ordered the freezing of assets belonging … Read more
Jakarta – Government Russia they started to ‘retaliate’ because they often received sanctions from western countries led by the United States (USA) for their military attacks on Ukraine. Recently, the country under the leadership of Vladimir Putin froze several assets of the largest banks in the USA. Launching from CNBC, Saturday (27/4/2024), a Russian court … Read more
Former JP Morgan analyst Meghan Brown will receive $35 million after the glass door of a Manhattan building suddenly shattered nearly a decade ago, leaving her with permanent brain damage.. The ruling in favor of the 36-year-old woman followed a three week trial in which the jurors were shown shocking surveillance images from the time … Read more
It is undoubtedly the biggest success story of all time in the domestic financial industry. A small software and online solutions provider founded in 2000 managed to develop into the strongest new bank in Europe within 20 years with a presence in 24 countries. It becomes the first Greek unicorn, with a valuation of more … Read more
Lawsuit against her JP Morgan Harris Karonis testified, claiming that the American bank tried to reduce its valuation Viva Walletaccording to the FT. Mr Karonis, who is the founder and co-owner of Viva Wallet, has launched legal proceedings against JP Morgan as, he claims, the latter tried to block the development of his company, in … Read more