JPMorgan Chase, whose CEO Jamie Dimon once described bitcoin as a fraud, introduces a new 'JPM Coin' for customers to use to make payments among themselves.
Over $30 billion per day was cleared in Latin American rate swaps in 2018, a record high.
In 2011, global markets were gripped by fears of rising losses at giant French banks like BNP Paribas. Now, a veteran analyst is warning it could happen again -- this time from losses on derivatives bets.
Dollar strength is affecting the competitive advantage of U.S. companies around the globe, and it is a more insidious problem that most people recognize.
There is strong precedent for aggressive rate cuts once the Fed gets started.
Bank of America economists estimate that the 35-day-old partial U.S. government shutdown will shave 0.2 percentage points off first-quarter growth in gross domestic product.
Some Wall Street analysts are starting to warn that big banks like JPMorgan Chase might have to start paying higher rates on deposits to keep customers from defecting to smaller banks with better offers, or to online-only lenders that don't have to cover the costs of maintaining hundreds or thousands of branches.
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