Settlement talks keep advancing involving major banks regarding the FX scandal revolving around the 4pm fix benchmark WM/Reuters rate service.
Read more“The big picture behind all these indices have changed, China’s share of global trade has probably tripled in the last decade,” Gabriel de Kock, a JPMorgan economist in New York said in a Bloomberg interview.
Read moreBloomberg broke the news that two members of JPMorgan's London FX prime brokerage sales team put on leave after mishap with client expenses...
Read moreThe settlement was disclosed in a letter from lawyers for JPMorgan and the plaintiffs, and was filed on Monday with the U.S. district court of Manhattan.
Read moreGlobal investment giant JP Morgan has made a purchase of 3,242,889 shares in Plus500, taking the total number of shares held by JP Morgan to 8,981,221
Read moreIrior to joining Circle, Mr Camp was the Managing Director and Global Head of JP Morgan Chase’s Transaction Services business, a $3.4B revenue global business providing treasury and payments infrastructure to financial institutions and corporations around the world
Read moreLeapRate has learned from regulatory filings with the London Stock Exchange that investment house JP Morgan has reduced its holdings in CFD broker Plus500 (PLUS.L) to just under 5% of the company's outstanding shares. As of December 9, JPM's holdings in Plus500 were reduced to 5,738,332 shares (worth about £31.7 million), down from 6,710,399 shares held previously.…
Read moreJP Morgan's chief currency trader in London, Richard Usher, has left the bank, a source familiar with the matter said on Tuesday. Usher, the head of spot G10 currency trading at the U.S. based bank in London, had been put on leave by the bank since October last year. It was unclear at the time whether…
Read moreAccording to senior banking sources, the settlements, which would be confirmed simultaneously, could cost in the region of £2bn in total...
Read moreAccording to the official TR-1 report filed with the London Stock Exchange, CF Odey Absolute Return Fund holds 10.32%, and all other funds hold less than 3%.
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