JPMorgan to become custodian of $1 trillion in BlackRock assets: Report

JPMorgan Chase will become the custodian for more than $1 trillion in BlackRock assets, which have been under custody at State Street, Dow Jones reported on Wednesday, citing people familiar with the matter. JPMorgan currently has about $20.5 trillion under custody, and the move could catapult it into the second biggest player in the market … Read more

JPMorgan CEO Jamie Dimon: If you like the Trump stock rally so far, just wait …

JPMorgan CEO Jamie Dimon: Trump reforms could boost economy further  Wednesday, 18 Jan 2017 | 10:32 AM ET | 02:05 JPMorgan Chase Chairman and CEO Jamie Dimon told CNBC on Wednesday the economy could grow at 3 to 4 percent this year with the right tax and regulatory reforms from President-elect Donald Trump. And that, in … Read more

JPMorgan reverses view on Indonesian equities

JPMorgan has upgraded its view on Indonesian stocks just weeks after a negative stance prompted the government to sever all official ties with the bank. Jakarta stopped using the U.S. investment bank as a primary dealer or an underwriter for sovereign bonds after JPMorgan’s Asia-Pacific equity strategists in November slashed the country’s equity rating outlook … Read more

EU fines JPMorgan, Credit Agricole, HSBC for manipulating euro-related benchmarks

The European Commission has fined banks Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their part in a cartel to fix the price of financial benchmarks linked to the euro. They were part of a seven-bank cartel that colluded between September 2005 and May 2008 to distort the … Read more

verbal exchange hole among Fed and the marketplace: JPMorgan Economist

The Federal Reserve mins launched Wednesday ought to theoretically provide traders extra clarity onwhen the following charge hike is coming. but the relevant financial institution and the market are having communication issues, according to Michael Feroli, chief U.S. economist at JPMorgan. “we’re operating our way towards an agreement among the market and the Fed,” Feroli … Read more

Retail faces ‘double-edged sword’ in internet age: JPMorgan Analyst

The destiny of retail requires fewer shops and a more on-line presence, but the street to that truth is fraught with threat, JPMorgan retail analyst Matt Boss stated Friday. Boss spoke at the end of a difficult few weeks for shops, at some point of which weak guidance and middling profits hammered many stocks within … Read more