In a statement a team of quantum computing engineers from Toshiba Corp, JPMorgan Chase & Co and Ciena Corp said, they have successfully demonstrated the means of protecting a communication network on a blockchain using a powerful, newly-developed encryption network. According… Read More ›
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 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 ›
A filing by SoftBank Group Corp shows, the company’s borrowings from banks have jumped by 42% in the year ending on March 31, with the increase shouldered by foreign lenders. Borrowing from SoftBank Group’s primary lenders shot up to $46… Read More ›
In a statement JPMorgan Chase & Co said, it would acquire the global loyalty division of cxLoyalty Group Holdings Inc – a third-party credit card loyalty program service provider. JPMorgan did not disclose the financial terms of the acquisition. “People… Read More ›
According to sources familiar with the matter at hand, private equity firm TPG is exploring the potential sale of Astound in a deal that could value the “owner of a U.S. network of regional cable TV and internet providers at… Read More ›
According to an internal memo from Wells Fargo & Co, the U.S. bank is set to join its peers in paying out a special compensation package to front-line employees. San Francisco-based Wells Fargo said, it would provide all of its… Read More ›
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 ›
In a statement, JPMorgan Chase & Co stated, Jamie Dimon, its Chief Executive has undergone an emergency heart surgery and that two deputies have taken over the charge as recuperates. Dimon, 63, experienced a tear in his heart’s main artery,… Read More ›
In an internal memo, JPMorgan Chase & Co stated, employees should forgo any non-essential domestic business travel in all of its worldwide locations due to concerns on the fast spreading coronavirus which has emerged from China. “Meet across cities and… Read More ›
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