JP Morgan processing payment from Russian embassy to insurance agency after Russian Foreign Ministry complaint
JPMorgan Chase will seek explanation from the American authorities over sanctions that had earlier been introduced against Russia, the bank said in a statement in response to an TASS request to explain the reasons for blocking by JPMorgan a transfer by Russia’s embassy in Astana, the capital of Kazakhstan, to Sogaz, an insurance company part-owned by Bank Rossiya, one of the targets of US sanctions announced on March 20.
PMorgan Chase is embroiled in another scandal involving top mainland officials and jobs for well-connected individuals. China Insurance Regulatory Commission chairman Xiang Junbo had asked JPMorgan chief executive Jamie Dimon to do him a "favour" by hiring a young job applicant, a family friend of Xiang, who now worked at the bank. The Voice of Russia talked to Stanislav Korsakov, market strategist at IND Capital.
Here is a digest of some interesting reports for you to check out. The US Department of Energy on Wednesday announced their approval of a $6.5 billion federal loan to fund the construction of two reactors at the Alvin W. Vogtle Electric Generating nuclear site in Waynesboro, Georgia. Peter Van Buren writing on his We Meant Well blog reports that The Sam Adams Associates for Integrity in Intelligence (SAAII) have voted to present the 2014 Sam Adams Award for Integrity in Intelligence to Chelsea Manning. After it was revealed that top aides to Ohio Governor John Kasich (R) were aware of a plan crafted by the state’s Department of Natural Resources to discredit the “eco-left” over fracking in state parks. In the latest of a series of fatal falls, a 33-year-old J.P. Morgan employee leapt from the roof of J.P. Morgan’s Hong Kong headquarters on Tuesday, above, plunging thirty stories to his death.
Check out some several stories worth reading. A confidential email has emerged that shows a top Chinese regulator directly asked Jamie Dimon, the chief executive of JPMorgan Chase, for a “favor” to hire a young job applicant. Home Secretary Theresa May has admitted she has ‘grave’ concerns about fraud in the student visa system, which allows 200,000 foreigners into Britain each year. Children in the UK should be taught “attentiveness” skills to help combat the influence of social media. Spills releasing PCE, the cancer-causing chemical used in dry cleaning and metal degreasing, have produced at least 86 underground plumes across Colorado that are poisoning soil and water and fouling air inside buildings. A ‘Dumb’ Starbucks Coffee shop has opened in Los Angeles’ Los Feliz.
JPMorgan Chase & Co.’s asset-management unit and Capital Economics Ltd believe that the recent ruble's devaluation is a positive development for the Russian economy. This view matches the opinions expressed by Russian officials.
A federal judge on Wednesday approved an agreement between JPMorgan Chase & Co and U.S. prosecutors to settle charges that the bank violated anti-money laundering laws by failing to alert authorities to warning signs its employees encountered in dealings with convicted Ponzi schemer Bernard Madoff.
JPMorgan Chase & Co has agreed to settle two private lawsuits stemming from its relationship with convicted Ponzi schemer Bernard Madoff, according to a court filing on Tuesday.
J.P. Morgan Chase & Co's legal problems worsened Tuesday when the State of Mississippi alleged it committed misconduct while suing credit-card users for delinquent payments.The Mississippi Attorney General filed a lawsuit following an 18-month investigation and several months of discussions with J.P. Morgan. The complaint alleges J.P. Morgan "knowingly and willfully made false and misleading statements" while recouping old debts and filed legal documents in Mississippi that were "uncertified and lacked evidence."
“Big Data” is now the new magic word, like “cloud computing” was a year ago. Some people are even calling it the oil of the 21st century. One of them is Christian Chabot, the man who runs Tableau Software. The company’s public debut in spring this year met analysts’ expectations and showed up a killer IPO.
JPMorgan Chase and the Department of Justice have tentatively agreed to a $13 billion civil settlement to deal with several investigations into the bank's mortgage securities business, US officials say.
JPMorgan Chase & Co has reached a tentative $13 billion deal with the US Justice Department to settle a range of mortgage issues, a source close to the talks said on Saturday.
JP Morgan Chase says news reports circulating on the Internet that the bank is exerting new capital controls on certain bank accounts are an overreaction to a "streamlining" and "derisking" process Chase says has been underway for several months.
JP Morgan Chase has notified his US clients that as of November, 17 the bank will limit all cash transactions and will prohibit all outgoing international bank wires. Doctor Eike Hammer from Hannover, the publisher of "Wirtschaft Aktuell", a newsletter providing data on political and economic developments in Europe, joined VoR for a more in-depth discussion.
JP Morgan Chase to limit cash withdrawals, prohibit all outgoing international bank wires, bank officials say
US banking and financial services holding company JP Morgan Chase is negotiating with US regulators over a $4 billion financial settlement. US Department of Justice had preliminarily concluded that the firm violated federal securities laws in its offerings of mortgage-backed securities leading up to the financial crisis of 2007–08. VoR disscussed the issue with Chris Roebuck – a British economist and a Visiting Professor at Cass Business School in London.
One of the biggest global banks believes that the ultra-loose monetary policy of the US Federal Reserve will make the price of gold go up.
JP Morgan Chase is being investigated by US authorities over claims the bank hired the children of influential Chinese officials to secure business in the country, the New York Times reported Saturday.
The multinational financial mass media corporation Bloomberg has been accused of spying on some of its 315,000 customers that use the market-data terminals, sparking outrage among, most notably, Goldman Sachs and JPMorgan Chase who said Bloomberg violated their privacy.