UBS, RBS, JPMorgan, Citi, Barclays, HSBC heading towards EU settlement for FX rate rigging cartel LeapRate

November 20, 2017 BY LeapRate Staff

UBS, RBS, JPMorgan, Citi, Barclays, HSBC heading towards EU settlement for FX rate rigging cartel

The Financial Times is reporting that several of the world's leading banks are heading towards final negotiations on a financial settlement (read:fines) with the European Commission, following a more than four year long probe into allegations they formed a cartel to rig the $5 trillion global FX market. The FT named UBS, RBS, JPMorgan, Citigroup, Barclays,…

July 21, 2017 BY Valentina Kirilova

JPMorgan whistleblowers share a record $61 million award

The Securities and Exchange Commission (SEC) has announced that is giving away a record $61 million award to two whistleblowers for helping make the case that JPMorgan Chase & Co. (NYSE:JPM) failed to disclose to wealthy clients that it was steering them into investments that would be most profitable for the bank, Bloomberg shared yesterday. The…

January 17, 2017 BY LeapRate Staff

Marco Baggioli on changes at ADS Securities, forex liquidity, regulation, prime brokerage and more

LeapRate Exclusive Interview... When Marco Baggioli (pictured above) left his position as Global Head of FX Prime Brokerage at French bank BNP Paribas SA (EPA:BNP) in early 2015 to be COO of the new London office of Abu Dhabi based ADS Securities, he certainly knew that he was beginning a new adventure and new chapter in his…

November 28, 2016 BY LeapRate Staff

JPMorgan aggressively buying Plus500 shares, stake above 9%

LeapRate Exclusive... LeapRate has learned via regulatory filings that global investment bank JPMorgan Chase & Co. (NYSE:JPM) has increased its stake in CFD broker Plus500 Ltd (LON:PLUS) to 9.0%. JPMorgan's most recent filings had indicated a 5.1% interest in Plus500. JPMorgan now holds, via its J.P Morgan Securities plc subsidiary, a total of 10,343,694 Plus500 shares…

November 17, 2016 BY LeapRate Staff

JP Morgan hit with $264 million SEC fine for corrupt hiring practices in Asia-Pacific region

The U.S. Securities and Exchange Commission (SEC) has announced that JPMorgan Chase & Co. (NYSE:JPM) has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region by giving jobs and internships to their relatives and friends in violation of…

October 06, 2016 BY LeapRate Staff

Former Google executive Kevin Tunney replaces Marc Ellison as CMO of AxiTrader

LeapRate Exclusive... LeapRate has learned that leading Australian retail forex and CFD broker AxiTrader has made a change in its senior management ranks, adding Kevin Tunney (pictured at left) as its new global Chief Marketing Officer (CMO). Tunney joins AxiTrader from outside the Forex industry. Prior to joining AxiTrader, Tunney was Ecommerce Manager at premium eyeware…

July 12, 2016 BY Valentina Kirilova

JPMorgan is giving 18,000 US employees a raise over the next 3 years

JPMorgan Chase & Co. (NYSE:JPM)’s CEO Jamie Dimon is giving his employees a big raise. And don’t think that he’s doing this for his investment bankers… not at all. The bank company JPMorgan is raising its minimum pay for some overtime-eligible US employees from $10.15 to between $12 and $16.50 an hour. In an opinion…

July 11, 2016 BY LeapRate Staff

JP Morgan sells remaining stake in SafeCharge as SCH shares continue downward

LeapRate Exclusive… LeapRate has learned from regulatory filings made by payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) that global bank JPMorgan Chase & Co. (NYSE:JPM) has sold its remaining stake in the company (or, down to what SafeCharge called 'no longer a notifiable interest in the company'). JPMorgan had taken a 7.43% stake in SafeCharge late…

July 05, 2016 BY LeapRate Staff

SafeCharge sees JP Morgan sell more than half its stake as shares slide to 52 week low

LeapRate Exclusive... Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has indicated in regulatory filings that global bank JPMorgan Chase & Co. (NYSE:JPM) has reduced its stake in the company to 3.69%. JPMorgan had taken a 7.43% stake in SafeCharge late last year. It looks like JPMorgan will take a loss on the shares…

June 06, 2016 BY LeapRate Staff

Morgan Stanley sells down Plus500 Ltd stake to below 3%

LeapRate has learned via filings made to the London Stock Exchange that global investment bank Morgan Stanley (NYSE:MS) has sold down its stake in FCA regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) to below 3%. Morgan Stanley had been the second or third largest outside shareholder in Plus500 at just under 7%, after UK investment manager…

Tag: JPMorgan Chase & Co. (NYSE:JPM)