Keyword: jpmorgan

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  • JPMorgan Buys the Dip After CEO Trashes Bitcoin

    09/16/2017 8:11:06 AM PDT · by ameribbean expat · 5 replies
    Days after JPMorgan Chase & Co. CEO Jamie Dimon labeled Bitcoin a “fraud” and threatened to fire any employees caught trading cryptocurrency, it has emerged JPMorgan Securities made a number of trades on the Swedish stock exchange. Someone at the company bought and sold an instrument called Bitcoin XBT that tracks the bitcoin price. The trades were published on Sweden’s Nordbank website, detailing the “Bitcoin Tracker One” product, which is the first bitcoin tracking product to operate on a regulated exchange. The instrument is provided by XBT Provider AB. Nordbank’s data shows that JPMorgan holds over 9,000 XBT shares. XBT...
  • Gary Cohn and Rex Tillerson Cannot Be Allowed to Side with the Hate Groups Antifa,

    08/29/2017 12:56:00 PM PDT · by Kaslin · 40 replies
    Rush Limbaugh.com ^ | August 29, 2017 | Rush Limbaugh
    RUSH: Whoa is right. (laughing) There’s no other way to interpret this. Now, there are people trying to put a smile on this by saying, “No, no, no, you’re misunderstanding what Tillerson was saying. Tillerson was saying the president speaks for himself on these issues, not that he speaks differently.” Look, here’s what’s happened in a nutshell. Trump does his three different statements on Charlottesville. The first statement, you know, the media had a cow, they didn’t particularly like it. So Trump went on and in the second statement specifically condemned neo-Nazis, the KKK, and white supremacists because that’s what...
  • JP Morgan To Donate To SPLC And ADL After Charlottesville

    08/21/2017 10:16:17 AM PDT · by Responsibility2nd · 35 replies
    Daily Caller ^ | 08/21/2017 | Robt. Donachie
    JPMorgan will donate $1 million to the Southern Poverty Law Center (SPLC) and the Anti-Defamation League (ADL) in response to the violent protests that took place in Charlottesville, Va., in early August. Peter Scher, head of corporate responsibility and chairman of JPMorgan, wrote a letter to staff Monday wherein he asserted the bank “stands in support of all those who reject racism and violence,” and pledged to support both the SPLC and ADL in their campaign of “tracking, exposing and fighting” hate groups and other extremist organizations.
  • US Sisters Found in Seychelles Resort Died of Excess Fluid in Lungs

    10/01/2016 1:43:35 PM PDT · by BenLurkin · 33 replies
    ktla ^ | 10/01/2016
    wo American sisters found unresponsive in their resort in the Seychelles died of excess fluid in their lungs, according to authorities in the island nation off Africa’s east coast. Autopsies performed Wednesday showed Robin Korkki, 42, of Chicago, and Anne Korkki, 37, of Denver, died from acute pulmonary edema, or fluid in the lungs, police told the Seychelles News Agency. Cerebral edema, or excess fluid in the brain, also contributed to Anne Korkki’s death, the news agency reported. No explanation was offered for the fluid buildup in the women’s lungs. Experts are conducting a toxicology analysis in a forensic laboratory...
  • Senate Testimony: Fusion GPS Helped Corrupt Russians And Venezuelans

    07/26/2017 9:06:16 AM PDT · by Lorianne · 15 replies
    Federalist, the ^ | 26 July 2017 | Mollie Hemingway
    At a hearing today, witnesses will testify that Fusion GPS, an organization behind an infamous dossier pumping the Russia-Trump collusion story, is a highly paid smear-for-hire operation in violation of international laws. At a hearing this morning, Senate Judiciary members will receive testimony that Fusion GPS helped advocate the interests of corrupt Russian and Venezuelan officials while hiding its foreign work from federal authorities. Many in the media have focused on whether Donald Trump Jr. and former Trump campaign manager Paul Manafort would testify publicly at the hearing. Less well covered has been anything to do with Fusion GPS, the...
  • CEO of JPMorgan: ‘It’s almost embarrassing being an American citizen’

    07/14/2017 12:03:06 PM PDT · by Responsibility2nd · 24 replies
    Washington Post ^ | 07/14/2017 | By Renae Merle
    NEW YORK — Since President Trump’s election, Jamie Dimon has emerged as one of Wall Street’s most prominent voices in Washington. The chief executive of JPMorgan Chase serves on the White House business advisory council and is chairman of the powerful Business Roundtable. But in a series of calls on Friday to discuss the big bank’s quarterly profits, Dimon vented his frustration with gridlock in Washington. “It’s almost embarrassing being an American citizen … and listening to the stupid s— we have to deal with in this country,” Dimon said in one conference call. The inability to make headway on...
  • JPMorgan Chase agrees to $55 million settle of mortgage discrimination complaint

    01/19/2017 2:27:10 PM PST · by SeekAndFind · 22 replies
    Reuters ^ | 01/19/2017 | Dena Aubin
    JPMorgan Chase & Co has agreed to pay $55 million to settle a U.S. Justice Department lawsuit accusing it of discriminating against minority borrowers by allowing mortgage brokers to charge them more for home loans, a person familiar with the matter said on Wednesday. The U.S. Justice Department complaint, filed in Manhattan federal court on Wednesday, accused the bank of willfully violating the U.S. Fair Housing Act and the Equal Credit Opportunity Act between 2006 and 2009 and showing "reckless disregard" for the rights of at least 53,000 African-American and Hispanic borrowers. "We’ve agreed to settle these legacy allegations that...
  • JP Morgan warns of Brexit jobs threat

    06/03/2016 2:18:02 PM PDT · by Berlin_Freeper · 20 replies
    bbc.com ^ | June 3, 2016 | BBC
    JP Morgan may cut up to 4,000 UK jobs if there is a vote to leave the European Union, its chief executive has warned. Jamie Dimon said that Brexit would "be a terrible deal" for the UK economy.
  • Jamie Dimon on auto loans: 'Someone is going to get hurt'

    06/02/2016 12:05:27 PM PDT · by detective · 67 replies
    MSN News ^ | June 2, 2016 | Jon Marino
    Jamie Dimon is sounding the alarm on auto loans. "Auto is clearly a little stretched, in my opinion," the JPMorgan Chase (JPM) CEO said Thursday morning, speaking at the Alliance Bernstein Strategic Decisions Conference in New York. "Someone is going to get hurt... we don't do much of that." But other lenders have. The average size of new auto loans is rising, as is the average payment size, according to research from Experian released Thursday morning. In May, the total amount of auto loans cracked the $1 trillion mark for the first time, marking a 10 percent increase. It comes...
  • Toxic oil loans create trouble for big banks

    04/14/2016 9:45:02 AM PDT · by PAR35 · 7 replies
    CNN ^ | April 14, 2016: 11:55 AM ET | Matt Egan
    ... Bank of America (BAC) on Thursday announced it set aside $997 million to protect from loan losses, mainly in the bank's $22 billion energy portfolio. Wells Fargo (WFC) warned of "significant stress" and "deterioration" in the oil and gas space. The problems there forced Wells Fargo to add $200 million in loan-loss reserves, its first increase to this rainy-day fund since 2009. And JPMorgan Chase increased its provisions for credit losses by 88%, mostly due to the oil, natural gas and pipeline business. It was enough to cause JPMorgan's (JPM) first drop in profits since late 2014. ...
  • J.P. Morgan’s exposure to oil, gas debt has Wall Street jittery

    02/24/2016 6:09:07 PM PST · by Lorianne · 4 replies
    Market Watch ^ | 23 February 2016 | Mark DeCambre
    J.P. Morgan Chase CEO Jamie Dimon is focused on building a so-called fortress balance sheet at his behemoth bank. To that end, he said the bank JPM, +0.04% has added around $500 million to its reserves against loans losses in the oil-and-gas sector in the first quarter of 2016. The move comes as crude-oil prices have fallen about 12% so far this year and have plunged 34% over the past 12 months, putting the finances of energy companies under pressure. Offering details about its balance sheet at an event for investors in New York on Tuesday, the sprawling bank said...
  • Washington Post Article Compares Ted Cruz's Wife to Hillary Clinton

    01/09/2016 4:48:19 PM PST · by jimbo123 · 19 replies
    Breitbart ^ | 1/8/16 | CHARLIE SPIERING
    The Washington Post published a glowing profile Friday morning about Heidi Cruz - highlighting her professional accomplishments - beyond the fact that she is Sen. Ted Cruz (R-TX)'s wife. The profile was mostly flattering, pointing to her career at Goldman Sachs in Houston before she stepped down when her husband decided to run for president. Curiously, however, the article began pointing out the similarities between Heidi and Hillary Clinton: -snip- Is that a compliment?
  • Judge reopens FOIA case on Hillary Clinton aide Abedin (Huma)

    06/20/2015 8:23:41 AM PDT · by PROCON · 15 replies
    politico ^ | June 19, 2015 | JOSH GERSTEIN
    Reacting to the disclosure that Hillary Clinton exclusively used a private email account during her tenure as secretary of state, a federal judge agreed Friday to reopen a conservative group's Freedom of Information Act lawsuit seeking details about the employment arrangements of top Clinton aide Huma Abedin. However, U.S. District Court Judge Emmet Sullivan declined — for now — to address claims from Judicial Watch that Clinton's use of the private account and server led State Department officials to commit a fraud on the court by certifying they had turned over all responsive records.
  • HSBC Joins JPMorgan: Prepares To Unveil Up To 20,000 Job Cuts

    06/01/2015 12:03:13 PM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 06/01/2015 | Tyler Durden
    The banking system must be doing great... just days after JPMorgan announced mass layoffs, SkyNews reports that HSBC is preparing to announce a revised headcount target, which insiders said that it was likely to be between 10,000 and 20,000 job cuts. As Sky News reports, HSBC will next week set out plans to cut thousands more jobs across its global workforce as it tries to reassure shareholders that its focus on costs remains undiminished after a series of reputational crises. Sky News understands that Stuart Gulliver, HSBC's chief executive, will set out a revised target for headcount reductions that will be...
  • Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

    04/28/2015 8:59:46 AM PDT · by SeekAndFind · 30 replies
    TEC ^ | 04/28/2015 | Michael Snyder
    Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not...
  • Billionaires Dumping Stocks, Economist Knows Why

    02/26/2015 12:18:13 PM PST · by Citizen Zed · 52 replies
    newsmax ^ | 2-26-2015
    A handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Buffett’s holding company, Berkshire Hathaway, has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced its overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold...
  • JPMorgan to close 5% of its bank branches

    02/25/2015 1:31:46 PM PST · by SeekAndFind · 10 replies
    CNBC ^ | 02/25/2015
    JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs. The closures are part of a $1.4 billion cost-cutting plan the bank announced for this year. The latest developments were revealed during the bank's annual investor day conference Tuesday. Online and mobile banking have become increasingly popular and that trend is expected to continue. The shift online has begun to make brick-and-mortar branches less necessary and, frankly, expensive. Tellers handled only 42 percent of all bank deposits last year,...
  • Another JPMorgan Banker Dies After Murder-Suicide: Chokes Wife, Stabs Himself To Death

    02/09/2015 3:11:33 PM PST · by dynachrome · 60 replies
    Zero Hedge ^ | 2-9-15 | Tyler Durden
    By now, there have been so many banker-related suicides that it has become a moot point of i) tracking them all or ii) trying to find a pattern. And yet, one name continues to stand out: JPMorgan. The bank which has been most prominent among the list of "suicided" bankers notched one more casualty over the weekend when "a JPMorgan Chase & Co. employee strangled and stabbed his wife to death before turning the knife on himself, according to police who are treating the couple’s death in Bergen County, New Jersey as a murder-suicide."
  • The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal

    12/31/2014 9:21:04 AM PST · by Nachum · 10 replies
    zero hedge ^ | 12/31/14 | tyler durden
    The name Dick Usher is familiar to regular readers: he was the head of spot foreign exchange for JPMorgan, and the bank's alleged chief FX market manipulator, who was promptly fired after it was revealed that JPM was the bank coordinating the biggest FX rigging scheme in history, as initially revealed in "Another JPMorganite Busted For "Bandits' Club" Market Manipulation." Subsequent revelations - which would have been impossible without the tremendous reporting of Bloomberg's Liam Vaughan - showed that JPM was not alone: as recent legal actions confirmed, virtually every single bank was also a keen FX rigging participant. However,...
  • Azealia Banks goes on Twitter rant, calling for $100 trillion in reparations

    12/26/2014 7:28:46 PM PST · by GrandJediMasterYoda · 87 replies
    nydailynews.com ^ | 12/26/14 | BY MOLLY FRIEDMAN
    Azealia Banks goes on Twitter rant, calling for $100 trillion in reparations The hip hop star says African Americans are owed 'major bucks' by JP Morgan, Chase and American families. She incites violence against descendants of the DeWolf family: 'They should all have their houses burned and their finances seized.' Azealia Banks says major corporations made bank off slave labor. And now she wants them to pay it back. The hip hop star published a series of accusatory tweets on Friday, arguing that major corporations owe African Americans “major bucks” - up to $100 trillion - after profiting from slavery...