Adam Vettese (eToro) | Investment banking giant JPMorgan Chase has begun to provide banking services to cryptoasset exchanges, according to reports. The Wall Street Journal first reported overnight that both Coinbase, the largest US-based bitcoin exchange with more than 30 million accounts, and Gemini, which was started by Tyler and Cameron Winklevoss, have agreed a deal to use JPMorgan’s banking services.
While the US bank’s chief economist in pointing to systemic risks, financial bubbles and market complacency, his colleagues in Spain believe “this tale about market manipulation is not real.”
US commercial banks are trading at a discount of over 25% with respect to the market as a whole (S&P 500) in terms of PER 2018e. Fundamentals are solid and the Fed’s monetary policy heralds a good performance from their profit and loss accounts in 2018 and 2019.
NEW YORK | By Ana Fuentes | JP Morgan, the U.S. biggest bank, will have to pay a historic penalty of $13 billion over faulty mortgage practices, according to the settlement with the Department of Justice announced on Tuesday. That’s the equivalent of Iceland’s annual GDP, and more than three times the amount BP had to pay for the oil spill in the Gulf of Mexico in 2010. For some, it was about time that the administration started to take action against those who ignited the economic crisis. Others believe JP Morgan is just a scapegoat.
After months focused on the eurodrama, markets are starting to care more about the so-called fiscal cliff, a popular shorthand term used to describe the…
LONDON | Morgan Stanley recently estimated that liabilities in fines and damages could amount to as much as $22 billion against the dozen banks allegedly…
how to get your ex girlfriend back By www.consensodelmercado.com, in Madrid | Europe has been immersed in a long and complex change process for the…
NEW YORK | “Errors”, “sloppiness” and “bad judgements”. Whatever. The fact is that JP Morgan’s CEO Jamie Dimon, no matter what he pleads, is the ultimate…
NEW YORK | There are more than 20.000 market makers only in the US. Now one of them –a very, very big one, JP Morgan– has…
WASHINGTON | Second part of our conversation with Colin Fenton, global head of Commodities Research and Strategy at J.P. Morgan. What will be the effect…