JPMorgan Chase & Co. Q4 2017 Earnings Beat Estimates

The JPMorgan Chase & Co. Q4 2017 earnings results were released before opening bell this morning. The bank reported adjusted earnings of $1.76 per share on $25.45 billion in revenue, compared to the consensus estimates of $1.69 per share and $25.17 billion in revenue. In the previous year’s fourth quarter, the bank reported $1.71 per share… Please follow and like us:

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Bitcoin Exchanges Struggle To Work With Wary Banks

Cryptocurrency exchanges around the world are under an unprecedented amount of pressure. Meanwhile, Quartz reported Indian banks are delaying routine processes for local exchange platforms such as Koinex for several weeks. “A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to… Please follow and like us:

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Zcash Brings Privacy Technology To JPMorgan

JPMorgan CEO Jamie Dimon keeps stirring up controversy by criticizing bitcoin. CNBC reported he called bitcoin a “fraud” and said anyone “stupid enough to buy” it will pay the price down the road. Meanwhile, JPMorgan just launched an open source payments platform using bitcoin’s foundational blockchain technology. This platform, Quorum, has been in the works for… Please follow and like us:

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Time to invest? Bitcoin tops the $5,000 mark

It’s been called a “fraud” and a “folly” by the financial establishment and prestigious economists alike. Those who trade in the hot cryptocurrency have been labelled “stupid” by one of banking’s biggest captains of industry. But despite all the trash talk, Bitcoin just passed yet another record high-water mark. RELATED: Bitcoin — Bubble mania or legit… Please follow and like us:

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Financial Regulation Champ Elizabeth Warren Met With Top Wall Streeters

Democratic Sen. Elizabeth Warren of Massachusetts met with Jamie Dimon this summer after repeatedly targeting the J.P. Morgan CEO in recent years as part of her crusade against the perceived excesses of Wall Street. Warren met privately with Dimon in Washington, D.C., early this summer and attended a Democratic fundraiser held at the summer home of… Please follow and like us:

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Jamie Dimon Fears His Job Is Obsolete

Nothing about Jamie Dimon’s anti-Bitcoin explosion (“Bitcoin is a fraud”) made sense. The timing was weird. After all, Bitcoin has proven itself the world over since its first proof-of-concept back in October 2009. There was no real news out there that would have prompted the CEO of JP Morgan to blow up in a rage and… Please follow and like us:

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JPMorgan CEO Jamie Dimon: Bitcoin Is ‘Fraud’

JPMorgan Chase & Co. CEO Jamie Dimon predicts government officials will shut down cryptocurrencies such as bitcoin after someone “gets killed,” adding that he would fire any “stupid” employee if they’re found to be trading bitcoin. JPMorgan’s Chief Executive Officer, who previously served on the Board of Directors of the Federal Reserve Bank in New York,… Please follow and like us:

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