As per a source familiar with the situation at hand, Russia has made payments towards sovereign bonds which were due this week, which was received by JPMorgan which processed it and made an onwards credit to Citi. With this Moscow has… Read More ›
JPMorgan
International investors could be severely hit if sanctions-hit Russia defaults on international debt: JPMorgan
Analysts from JPMorgan have warned, Western sanctions on Russia have significantly increased the likelihood of Moscow defaulting on its dollar- and other international market government debt. Russia has more than $700 million in government bond repayments scheduled for this month…. Read More ›
Bank of Montreal in advanced negotiations to acquire U.S. unit of French bank BNP Paribas SA
As per a report from the Wall Street Journal, the Bank of Montreal is in advanced talks to acquire the U.S. arm of French bank BNP Paribas SA. An agreement could emerge as early as this week, if the talks… Read More ›
International banks in UAE adopt Mon-Fri work week
In a significant development, international banks in the UAE, including Deutsche Bank AG, Societe Generale SA, JPMorgan Chase & Co, are changing their work days from Monday to Friday. The move aligns working hours of international banks with those of most… Read More ›
JPMorgan agrees to pay $60M to settle class action lawsuit in spoofing precious metal prices
JPMorgan Chase & Co has agreed to pay $60 million to settle a class-action lawsuit by investors who accused it of intentionally manipulating the prices of precious metals futures and options. The settlement comes in the wake of a U.S. government… Read More ›
Uruguayan payment startup DLocal valued at $6.06 billion, raises $617.65M in US IPO
In a statement, Uruguayan payment startup DLocal said, it had raised $617.65 million through its initial public offering. The company had priced its 29.4 million shares at $21 each above its indicated price range of $16-$18. The IPO valued DLocal… Read More ›
Saudi Aramco hires bankers ahead of multi-tranch U.S. dollar denominated bond issue
On Monday, oil giant Saudi Aramco stated, ahead of its launch of its U.S. dollar-denominated bond issuance, it has hired a group of banks, in a stock exchange filing. Saudi Aramco, the world’s biggest oil company is aiming to raise capital… Read More ›
Trump Administration mulling options to include China’s Ant Group to Entity List
According to two sources familiar with the matter at hand, the U.S. State Department has submitted a proposal to the Trump administration to add China’s Ant Group to its Entity List. The development comes at a time when when the… Read More ›
Investors looking at 2007-2009 financial crisis models for when to jump back into markets
2008 models which were used by investment banks during the then financial crisis is back in the works. Investment banks are dusting off those models to gauge the right time to jump back in the stock markets which has fallen… Read More ›
JPMorgan Chase likely to trim 140 jobs in Switzerland
According to a report by Swiss financial news site Finews, JPMorgan Chase & Co is considering cutting up to 140 jobs in Switzerland in an effort to trim costs. According to the report, the cuts would mainly affect its Geneva… Read More ›
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