JPMorgan

JPMorgan Acquires Significant Stake in Spanish Defense Contractor Indra

JPMorgan purchased a 10.6% stake in Spanish defense systems producer Indra (IDR.MC), according to the stock exchange regulator on Thursday.

HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

Major U.S. Banks Raise Prime Rates After Federal Reserve Hike

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

Goldman Sachs leaves rivals far behind in M&A race

Goldman Sachs achieved a robust year of performance in mergers and aquisitions (M&As) space this year so far leaving its rivals far behind in terms of revenues and fees. Goldman Sachs earned a market share of 12.3 percent in M&A space globally, while JPMorgan and Morgan Stanley were left with market shares of 8.1 percent and 7.7 percent respectively.

Latest Stories

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.

Are Meme Stocks a Risky Bet or a Chance for Big Gains?

Tuesday saw a spike in the value of several "meme stocks," or businesses whose valuation is driven more by social media talk than by more conventional economic factors like growth and profitability.

Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip

Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.

Heat Wave Hack: How to Keep Your Home Cool Without Breaking the Bank

You could find yourself rushing to lower the thermostat's setting more frequently if scorching temperatures are predicted.

US Cites "Spying Concerns" in Banning Chinese Crypto Miner Near Nuclear Base

Citing fears about espionage, US President Joe Biden has ordered a Chinese-owned bitcoin miner and its partners to sell land they hold close to a US nuclear missile station.

Must Read

Can Taxing the Rich Save Social Security?

Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.

Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations

House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.