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jp morgan News

JP Morgan first major US bank to announce its own cryptocurrency

New York City - In an ironic twist JP Morgan has announced that it will launch a cryptocurrency tied to the US dollar. The coin will be called the JPM Coin and it will be used to make instantaneous payments using blockchain technology.

JPMorgan posts worst bond trading results since financial crisis

JPMorgan's fourth quarter results missed estimates on lighter-than-expected corporate and investment banking revenue and expenses that came in slightly higher than analysts' average estimate.

Amazon and Co. set to disrupt U.S. healthcare

Healthcare insurance in the U.S. is set to undergo a significant reduction with news that major companies Amazon, Warren Buffett’s Berkshire Hathaway and JP Morgan are to come together to launch a type of health insurance plan.

Amazon to spend about $4.5 billion on its fight against Netflix

Amazon is set to spend a gargantuan ~$4.5 billion on video in 2017, according to analysts at J.P. Morgan, a figure that would put the internet giant much closer to rival Netflix than many industry observers thought.

JP Morgan the victim of an 8-week long cyber attack

New York - This summer's hackers discovered a way into the servers of mega-bank JP Morgan Chase, exposing the backdoor vulnerability to access copious amounts of customer and company data.

Op-Ed: J.P. Morgan 'Shakedown' for bad loans

New York - J.P. Morgan has negotiated a $13 billion payoff for loans it made that contributed to the economic collapse in 2008. Conservatives call it an attack on capitalism.

London Whale scandal: JPMorgan Chase accused over $6 billion loss

John McCain, the senior Republican on the US Senate panel investigating the affair, said JPMorgan Chase had misled investors before lying to investigators about its $6 billion trading losses.

Op-Ed: The greatest failure of the DOJ

Four years have passed since we experienced the economic near-collapse of our economy, and for four years we have also witnessed complete and utter failure in the administration of justice.

Chase Community Giving Contest rife with claims of voting fraud Special

Giving away millions should be one of the easiest things in the world to do, but for one company, the opposite is becoming a reality.
 

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A sign outside the headquarters of JP Morgan Chase & Co in New York
A sign outside the headquarters of JP Morgan Chase & Co in New York
With permission by Reuters

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