Tag: JP Morgan

• Tuesday, June 21st 2022 - 10:50 UTC

  “We have an enormous future,” Argentine President says

  

  Argentine President Alberto Fernández Monday said “Argentina is not the country without destiny that some people say it is.” He made those remarks during a celebration marking the national Flag Day holiday (commemoration of Flag creator General Manuel Belgrano's death on June 20, 1820).

• Thursday, November 19th 2020 - 09:01 UTC

  “US politicians are behaving like children,” JP Morgan Chase CEO

  

  U.S. politicians are behaving like children by not passing a new stimulus bill that could help Americans whose income has been wiped out by the coronavirus pandemic, JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday at a New York Times conference.

• Tuesday, March 10th 2020 - 08:20 UTC

  Argentine risk jumps on Monday to a record of 2,768 points, not seen since 2005

  

  Argentine risk spreads on Monday shot to levels not seen since 2005 and sovereign bond prices fell 7.5%, as the coronavirus slammed global markets and the cash-strapped country prepared to restructure debt.

• Saturday, February 29th 2020 - 07:44 UTC

  Merrill Lynch and JP Morgan cut Brazil's 2020 economic growth to below 2%

  

  Bank of America Merrill Lynch cut its 2020 Brazilian economic growth outlook to under 2.0%, while JP Morgan reduced its outlook for Latin America’s largest economy even further below the threshold that many observers say is highly sensitive for President Jair Bolsonaro’s administration.

• Thursday, August 29th 2019 - 10:16 UTC

  Argentina sells US$ 367m reserves to prop the Peso; country risk at another record level, 2.125 points

  

  Argentina’s peso was battered on Wednesday as the central bank sold US$ 367 million of its dollar reserves in a second consecutive day of heavy intervention aimed at controlling the currency’s fall. Likewise the country risk rose 135 basis points to 2,125, its highest in 14 years, before partially recovering, according to the JP Morgan Emerging Markets Bond Index Plus.

• Wednesday, June 19th 2019 - 09:57 UTC

  Latam stocks and currencies surged on Tuesday on favorable global news

  

  Latin American stocks and currencies surged on Tuesday with a dovish boost from the European Central Bank and positive headlines from the U.S.-China trade tensions boosting sentiment.

• Friday, May 17th 2019 - 08:14 UTC

  EC fines five leading global banks €1.07bn for rigging foreign exchange markets

  

  Five banks have been fined €1.07bn (£935m) by the European Commission after traders clubbed together to rig the foreign exchange market. Four banks in the “Banana Split” cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.

• Friday, February 15th 2019 - 08:54 UTC

  JP Morgan breaks ground and creates a crypto-currency, JPM Coin

  

  US investment bank JP Morgan has created a crypto-currency to help settle payments between clients in its wholesale payments business. JPM Coin is the first digital currency to be backed by a major US bank.

• Tuesday, January 2nd 2018 - 10:58 UTC

  Brexit: First quarter of 2018, “point of no return” for financial services industry

  

  The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.