JP Morgan

During a Zoom meeting with her senior leaders last summer, Techstars CEO Maëlle Gavet sat at a table, an open notebook in front of her, a laptop to her side, her arms crossed. An attendee had just asked her about the progress of the organization’s $80 million Advancing Cities Fund, which was raised through J.P. Morgan’s Private Bank Platform. In the calm demeanor of someone trying to watch her words, she answered that Advancing Cities was not going well. Multiple incidents across multiple programs had caused J.P.…

2023 welcomed a decrease in cryptocurrency investments due to global inflation, instability trends in DeFi and political unrest. This resulted in stringent provisions for cryptocurrency projects. In 2024, the tides are turning and the parameters are beginning to look better for investors. As investors consider the next best option, Kelexo (KLXO) launches its presale and presents a new angle at web3 banking in this age. With new innovations that favor investors and help them earn rewards, access quick…

Image: AP News (AP)Google co-founder Larry Page can be served with court papers related to a case over Jeffrey Epstein’s sex trafficking, a federal judge ruled on Thursday. The U.S. Virgin Islands filed a civil lawsuit against JPMorgan Chase, where Epstein was a longtime customer, claiming the bank knew of his sex trafficking of numerous women.Google’s Antitrust Case Is the Best Thing That Ever Happened to AIInformation regarding Page’s involvement in the Epstein case has not been released, but CNBC reported the docket…

The larger US banks who have significant presence in India through their captive arms—like Wells Fargo, JP Morgan, Bank of America, Goldman Sachs, Citi and BNY Mellon—continue to hire and backfill vacancies as businesses globally are moving their money to large and relatively stable banks to de-risk their operations.“The large banks continue to hire even in the current economic environment. So one of the possible reasons is that after the recent banking crisis, a lot of money is moving to bigger banks,” said Lalit Ahuja,…

The results of top-tier companies TCS and Infosys have tripped on global uncertainties and missed street estimates, setting a subdued tone for Q4 show by the IT pack, and experts see choppy 1-2 quarters for the industry but are hopeful of subsequent recovery. The earnings' season started on a sombre note with the Q4 scorecards that fell short of expectations, but more importantly the management commentary of India's top two IT services companies was punctuated with words of caution about prevailing customer sentiments…

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group company in the lead. All three companies might…

Ericsson said it would book a 2.3 billion Swedish crown ($220 million) provision for an expected fine from US authorities for the breach of a settlement reached in 2019. Ericsson's share price surged 7.7% in afternoon trading, as analysts had expected a larger fine similar to the $1 billion it paid in 2019 as part of a bribery settlement. "This is an incredibly positive outcome given that the market expectations has been that they would get a fine of $1-2bn," JP Morgan analysts said in a note. Ericsson had in 2019…

Money managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management. Money managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management. “As an asset class, crypto is effectively nonexistent for most large institutional investors,” Jared Gross, head of institutional…

People lay down on the ground during the Vanguard SOS Campaign Fight For Our Future: Rally For Climate, Care, Jobs & Justice on April 22, 2022 in Malvern, Pennsylvania.Photo: Lisa Lake (Getty Images)This story was originally published by Grist. You can subscribe to its weekly newsletter here.Shortly before COP26, last year’s United Nations climate conference in Glasgow, financial institutions were rushing to announce their climate commitments. The conference’s leadership and Mark Carney, a special envoy appointed by…

Former CEO of FTX Sam Bankman-Fried interviewed by Bloomberg on September 1, 2022, just two months before the collapse of FTX.Screenshot: BloombergThe price of Bitcoin slid to just $15,680 on Tuesday morning, the lowest level in over two years for the cryptocurrency. And most people expect the price to continue to fall substantially as traders worry the fallout from the implosion of FTX, once the second largest crypto platform in the world, could have more casualties.FTX filed for bankruptcy on November 11, less than a…