Page 5 - Jp Morgan

JP Morgan earmarks $3.8 mn in aid for India employees amid Covid-19

Global investment banking major JP Morgan Chase has increased its COVID-19 support to the country manifold, taking the total planned aid to close to USD 16 million, of which USD 3.8 million is for supporting its over 35,000 employees in India. The head of the Wall Street major Jamie Dimon had on April 30 had committed an upfront USD 2 million financial aid along with an appeal to its over 2.5 lakh employees globally to chip in which would be matched by an equal amount by the company. In an internal communication on Thursday, which PTI has seen, Filippo Gori, the chief executive of JP Morgan Asia Pacific, said the bank has set aside USD 3.8 million for the care of its over 35,000 India employees, and an additional USD 10 million is being earmarked in phases to support the needy in their pandemic recovery phase. We've committed an additional USD 3.8 million to support our colleagues in India in their fight against the virus in 2021. This money will be used for medical insurance, 24x7

Bad sport

The European Super League will harm football

Risky assets will benefit in next 100 days of Biden admin: JP Morgan

Global investment analysts at a closed door JP Morgan huddle are betting that "risky assets" will cruise, market volatility will decline, asset bubbles are still far away in the broader equity market

Flipkart V-P and group general counsel Bijoya Roy quits e-commerce giant

Roy has joined French spirits group, Pernod Ricard, as general counsel for South Asia and will take up the new role on April 12, 2021, according to the sources

JPMorgan's Jamie Dimon predicts 'this boom could easily run into 2023'

Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon

Shareholders vs stakeholders, once more

The debate resurfaced last month after JP Morgan's board rejected the switch to become a shareholder-focused entity

Matrimony.com zooms 43% in 2 days, scales fresh record high

JP Morgan Asset Management, which holds shares in Matrimony.com through CMDB, is offloading its stake in the company via open markets through bulk deal

The reflation euphoria has a dark side for emerging markets

"If a particular allocation across the risky markets spectrum should be low confidence this year, it is the EM overweight," JPMorgan's John Normand wrote in a note to clients on Wednesday

Flipkart ropes in JP Morgan's Saroj Panigrahi as Senior VP ahead of IPO

Bijoya Roy will transition into the role of vice president, head of legal for Flipkart Operations and report to Panigrahi

Street remains bullish on Escorts despite a 2.5x run since March

Sustained tractor demand, market share recovery and pick up in exports key tailwinds

Bitcoin emergence as 'digital gold' could lift price to $146,000: JPMorgan

"Bitcoin's competition with gold has already started in our mind," the Wall Street bank's strategists said in a note

JP Morgan demands loan repayment of Rs 268 cr from M&M SsangYong Motor Co

JP Morgan has sought repayment of loan worth 40 billion Korean wons from Mahindra & Mahindra's troubled foreign arm SsangYong Motor Company (SYMC) but the South Korean auto maker has expressed its inability to pay the amount now. Following the Korean automaker's application for rehabilitation dated December 21, JP Morgan issued a notice to the cash-strapped firm demanding the repayment of an outstanding loan amount of 40 billion KRW (around Rs 268 crore with interest), M&M said in a regulatory filing. "SYMC has today intimated to the Korean Stock Exchange that it could not repay the loan amount of 40 billion KRW to JP Morgan on account of its application for rehabilitation," it added. The Korean automaker has outstanding loans aggregating to 100 billion Korean Won (around Rs 680 crore) from Seoul-based branches of JP Morgan Chase Bank, BNP Paribas and Bank of America. Last week, M&M had informed the bourses that SYMC has missed repayments of loans aggregating to 60 ...

Mahindra's Ssangyong misses loan repayment of Rs 480 cr to JP Morgan

M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes

JP Morgan sees possible $300 billion rebalancing flow from stocks

If the stock market rallies into December, there could be an additional $150 billion of equity selling into the end of the month pension funds that tend to rebalance on a quarterly basis

India's all-time high share market sparks talk of further upside for stocks

Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Asset Management are among a number of prominent names talking up prospects for the country's shares in recent days

'Orderly' Trump win most favourable outcome for equities, says JPMorgan

A clean sweep by Democrats would be "mostly neutral" for markets, JPM said in a note received on Monday

JPMorgan sticks with plan to build giant headquarters in New York

"We're building that headquarters for 50 years! It is not a short-term decision," Dimon said during a call with reporters after posting quarterly results

JPMorgan, Citigroup profits improve amid signs of economic recovery

Two of the nation's biggest banks JPMorgan Chase and Citigroup said Tuesday that their profits improved markedly over the summer

JPMorgan to pay $920 mn for manipulating precious metals, treasury market

(Reuters) - JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.

India making progress on global debt index debut, says JPMorgan

Reuters on Monday reported JPMorgan had kept Indian bonds out of its flagship indices