Jp Morgan

JP Morgan to buy First Republic's assets, deposits including uninsured ones

The California Department of Financial Protection and Innovation announced early on Monday it had taken possession of First Republic and the Federal Deposit Insurance Corporation (FDIC) would act as its receiver

JPMorgan, Citi, BofA tell staff not to poach clients from stressed banks

JPMorgan, the nation's largest bank, told all employees they "should never give the appearance of exploiting a situation of stress or uncertainty," in a March 13 memo

Credit Suisse down 11% as share price plunge increases

Markets had rebounded after several Wall Street titans including JP Morgan, Bank of America and Citigroup stumped up $30 billion on Thursday to deposit into troubled US lender First Republic

Why is San Francisco’s First Republic Bank in trouble? Why did the biggest US banks step in to save it?

After the Silicon Valley Bank debacle, First Republic came under scrutiny for uninsured deposits. Its shares fell, as it scrambled to reassure customers it can avoid the same fate. Now, 11 of the biggest US banks have announced a $30 billion rescue package to prop it up and stave off a bigger crisis

Group of banks working on rescue plan for First Republic

Sources familiar with the matter said that JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs are part of the group of banks pulling together the package. It is likely to consist of $30 billion in deposits and capital for First Republic

JP Morgan invests in Mumbai-based payment solutions provider ISG; details here

The investment came in response to JP Morgan's announcement from October that outlined its aspirations to expand its Merchant Services capabilities in APAC

FIFA president Gianni Infantino to break silence as Super League plunges Europe into crisis

European body UEFA will look to support from the world football chief at its congress in Switzerland as it attempts to quash an initiative that threatens its prized Champions League and the health of domestic competitions such as England's Premier League.

Amid COVID-19 case surge, leading brokerages downgrade India’s GDP forecast for FY22

While Nomura has downgraded projections of economic growth for the fiscal year ending March 2022 to 12.6 percent from 13.5 percent earlier, JP Morgan now projects GDP growth at 11 percent from 13 percent earlier

Premier League: Newcastle United in 'advanced talks' with Singaporean conglomerate over potential takeover

Bellagraph Nova Group, which operates across 100 countries, said it has given Newcastle a letter of intent and proof it has funds for the purchase.

Bharti Telecom sells 2.75% stake in Airtel for Rs 8,433 cr in secondary market; more of debt relief exercise, feel analysts

Promoter firm Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday