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Category JPMorgan Chase

Beijing steps in as PBoC warns against private stablecoin issuance

Beijing steps in as PBoC warns against private stablecoin issuance

Beijing ordered Ant Group and JD.com to pause their Hong Kong stablecoin plans.
Jamie Dimon says “Cockroaches” lurk in the US economy

Jamie Dimon says “Cockroaches” lurk in the US economy

Jamie Dimon warned about “cockroaches” in the US economy after JPMorgan took a $170 million hit from Tricolor’s collapse.
Global Banking Powerhouses Plan Issuing New Stablecoins Tied To G7 Currencies

Global Banking Powerhouses Plan Issuing New Stablecoins Tied To G7 Currencies

A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate...
SoftBank in talks for $5B loan backed by Arm Stake to fund AI push

SoftBank in talks for $5B loan backed by Arm Stake to fund AI push

SoftBank Group is negotiating a $5 billion margin loan backed by Arm Holdings shares.
U.S. banks slash prime rate to 7.25% following Fed meeting

U.S. banks slash prime rate to 7.25% following Fed meeting

Major U.S.banks cut the prime rate from 7.50% to 7.25% after the Fed's 25bps rate cut. The Fed moved due to rising jobless claims and weak hiring.