NIKKEI 225
38,079.70 +117.90 (+0.31%) HANG SENG
16,385.87 +134.03 (+0.82%) CRUDE OIL
83.01 +0.32 (+0.39%) GOLD FUTURES
2,400.00 +11.60 (+0.49%) DOW
37,760.29 +6.98 (+0.02%) Bitcoin GBP
50,898.49 +2,040.11 (+4.18%)
JPMorgan Chase & Co. (JPM.BA)
- Yahoo Finance
Bank of America CEO: The Federal Reserve is winning the war on inflation
Bank of America CEO Brian Moynihan weighs in on the fight against inflation and another solid quarter of consumer spending.
- Reuters
JPMorgan Chase sues Russia's VTB Bank over effort to unfreeze assets
NEW YORK (Reuters) -JPMorgan Chase sued Russia's state-owned VTB Bank on Thursday to halt its efforts to recover $439.5 million from an account that was blocked after Russia invaded Ukraine and VTB was hit with sanctions. In a complaint filed in federal court in Manhattan, JPMorgan said VTB filed a lawsuit on Wednesday in Russia to recover the money in "blatant breach" of its agreement to have disputes addressed in New York. The largest U.S. bank said American law prohibits it from releasing the $439.5 million, and VTB, Russia's second-largest bank, will try to seize its assets abroad if it prevails in the Russia lawsuit.
- Benzinga
Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w
