Articles with tag: jp morgan

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Italy to take on USD 17 bln of UniCredit bad loans to ease MPS sale, Reuters

News | Payments General | 08 Jan 2021

Italy has plans to take on about EUR 14 billion (USD 17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the bank, according to Reuters

Italy, UniCredit, MPS, Monte dei Paschi bank, takeover, AMCO, debt, high-risk loans, Treasury, Mediobanca, UBS, JP Morgan, Credit Suisse, Bank of America, Orrick, ECB

Bitcoin to rival gold, price could lift to USD 146,000, Reuters

News | Cryptocurrencies | 06 Jan 2021

Investment bank JP Morgan has said that digital currency Bitcoin has emerged as a rival to gold and could trade as high as USD 146,000 if it becomes established as a safe-haven asset, according to Reuters

Bitcoin, gold, digital currency, digital gold, JP Morgan, investment bank, trade, Grayscale Bitcoin Trust, cryptocurrency

JP Morgan to launch digital bank in UK

News | Online & Mobile Banking | 23 Nov 2020

US investment bank JP Morgan has announced plans to launch of its digital consumer platform and challenger bank in the UK.

JP Morgan, Chase, UK, digital banking, challenger bank, AWS, consumer banking, online banking

JP Morgan pledges USD 30 bln for reducing racial wealth gap

News | Payments General | 08 Oct 2020

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

Goldman Sachs to acquire GM's credit card unit for USD 2.5 bln, WSJ

News | Payments General | 02 Oct 2020

Goldman Sachs has announced the buying of General Motors’s credit card business for about USD 2.5 billion (GBP 1.94 billion), according to the Wall Street Journal cited by Reuters.

Goldman Sachs, GM, General Motors, credit card, WSJ, Wall Street Journal, banks, credit card business, Wall Street, bank, Barclays, credit card issuer, Capital One Financial, investment banking, trading, consumer banking, JP Morgan, Citigroup, Apple, US, covid-19, pandemic

JP Morgan improves payment fraud protection for SME clients

News | Digital Identity, Security & Online Fraud | 30 Sep 2020

US-based lender JP Morgan has boosted payment fraud protections for its small and mid-sized business customers, according to Reuters.

JP Morgan, payment fraud protection, SMEs, fraud, SMBs, scammers, covid-19, pandemic, payment fraud, suspicious payments, bank, fraud hub, legitimate-looking emails, email fraud, FBI, fraudsters

ClearBank adds multi-currency bank accounts offering via API

News | Online & Mobile Banking | 17 Sep 2020

UK-based cloud-based clearing bank ClearBank has incorporated the possibility to offer multi-currency bank accounts through JP Morgan's API.

ClearBank, API, multi-currency bank accounts, bank accounts, cloud-based, clearing bank, funds, real-time foreign exchange, foreign exchange, FX, interbank rates, liquidity, cash flows, fund transfer, third party accounts, JP Morgan, FX liquidity, client funds

Citi, JP Morgan, and State Street invest in fintech Capitolis

News | Payments General | 11 Sep 2020

JP Morgan, Citigroup, and State Street have invested USD 11 million in Capitolis, a US-based technology startup that seeks to help banks use capital more efficiently, according to Reuters.

Citi, JP Morgan, State Street, Spark Capital, Index Ventures, Sequoia Capital, Capitolis, fintech, startup, Reuters, US, United States, banks, capital, software, capital markets, liquidity, financial institutions, trading, financial crisis, risky trades, capital banks, residual trades, derivatives portfolios, investors

ConsenSys buys Quorum platform from JP Morgan

News | Cryptocurrencies | 26 Aug 2020

ConsenSys, a global blockchain company, has acquired Quorum, an enterprise-variant of the Ethereum blockchain developed by JP Morgan.

ConsenSys, Ethereum, blockchain, enterprise blockchain, digital asset, document management, JP Morgan, Ouorum

JP Morgan to launch digital banking services for the UK in 2021

News | Online & Mobile Banking | 24 Aug 2020

US-based bank JP Morgan has reportedly planned to launch a digital bank under the Chase brand in the first quarter of 2021, according to AltFi.

JP Morgan, banking services, UK, United Kingdom, US, Chase, digital bank, digital banking, Finn, mobile bank, coronavirus, challenger bank, Goldman Sachs, Marcus, digital offering, Starling, Monzo, Revolut

Goldman Sachs, Barclays bid for GM's credit card business

News | Cards | 13 Aug 2020

Goldman Sachs and Barclays have reportedly announced intentions to buy General Motors' credit card unit as they look to increase their consumer banking arm, according to Reuters.

Goldman Sachs, Barclays, General Motors, GM, credit card business, consumer banking, automaker, outstanding balances, Reuters, JP Morgan Chase, Citigroup, Marcus, Apple, iPhone, Apple Wallet, ecommerce

JP Morgan buys stake in Brazilian fintech FitBank

News | Online & Mobile Banking | 16 Jul 2020

JP Morgan has purchased a stake in FitBank, a Brazil-based digital banking and fintech company.

JP Morgan, Brazil, fintech, digital banking, digital, banking, payments

MAS completes Project Ubin for Central Bank Digital Currency

News | Cryptocurrencies | 14 Jul 2020

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

Project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, Central Bank Digital Currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

JP Morgan Chase launches FX trading and pricing engine in Singapore

News | Payments General | 06 Apr 2020

JP Morgan Chase has launched a foreign exchange (FX) trading and pricing engine in Singapore that will speed up clients’ trade executions.

JP Morgan Chase, FX, trading, Singapore

Global investment banking revenue slipped 3 percent in 2019

News | Payments General | 25 Mar 2020

The five largest global banks hit USD 26.1 billion in investment banking revenue in 2019, 3% down on the year, according to data gathered by LearnBonds.

investment banking, banking, merger, acquisition, JP Morgan, Royal Bank of Scotland, UBS, underwriter, Morgan Stanley, Bank of America

JP Morgan to launch online UK digital bank

News | Online & Mobile Banking | 24 Feb 2020

JPMorgan Chase has announced it is close to launching a range of personal banking products in the UK.

JP Morgan, Chase, digital bank, online banking, UK, US, expansion, challenger bank, mortgage market, lender, international lender

The quest for the B2B cross-border payments Grail - Lessons from 2019

Voice of the Industry | Payments General | 20 Dec 2019

Just before 2019 draws to a close, here’s a brief overview of the relevant stories that marked this year in the B2B cross-border payments space, accompanied by some food for thought for 2020

B2B payments, B2B cross-border payments, blockchain, partnerships, Visa, Mesh Payments, Banking Circle, PPRO, Transfermate, Instarem, Flutterware, Sabre, Tradeshift, Wells Fargo, JP Morgan, Dwolla, AccountsIQ, Marco Vava, Sibos, Swift, SEPA, PEPSI, 2019, retrospective

Japanese banks to join JPMorgan's network aiming to fight money laundering

News | Digital Identity, Security & Online Fraud | 11 Dec 2019

Fraud Prevention and Online Authentication Report 2019/2020 JPMorgan’s blockchain-based information network for payments has been drawing the greatest interest in Japan, according to Bloomberg.

money laundering, blockchain, SWIFT, Sumitomo Mitsui Trust Bank, blockchain-based information network, JP Morgan, Japan

Capitalising on Strong Customer Authentication: preparedness as a competitive advantage

Voice of the Industry | Ecommerce | 12 Nov 2019

With a robust plan in place, merchants should be ready to begin implementation once the tech freeze is lifted in January 2020Brian Gaynor, J.P. Morgan Merchant Services

EBA, SCA, merchants, onboarding, ecommerce, acquirer, authentication, Brian Gaynor, JP Morgan Merchant Services

Menlo Security raises USD 75 mln to fight phishing and malware threats

News | Digital Identity, Security & Online Fraud | 10 Jul 2019

Menlo Security, a cloud security provider, has announced USD 75 million in Series D funding, led by clients advised by JP Morgan Asset Management.

Menlo Security, cloud provider, security, malware, phishing, funding, JP Morgan, banks, US, cloud technology