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JPMorgan Chase chief executive Jamie Dimon thinks the U.S. Federal Reserve could actually raise rates, contrary to popular belief.
Despite consensus expectations of a rate cut in the coming months, Dimon said in a speech in Ireland on Thursday that he thinks the market is underestimating the potential impact of inflation on the Fed’s policymaking, Reuters reports.
“I think the possibility of...
A top executive at the retail-focused trading app giant Robinhood is updating her targets for the S...
The US government has just taken down the largest health care fraud operation in history.
The DOJ says it has identified 324 defendants in an alleged $14.6 billion fraud scheme comprising of several different scam tactics targeting Americans.
In one scheme that targeted vulnerable elderly patients – some of whom were in hospices – defendants are accused of applying medically unnecessary amniotic...
The federal government is accusing a bank employee of stealing hundreds of thousands of dollars from a dozen customers.
The Justice Department says in July and August of 2024, Damani Brown allegedly used his credentials to access the accounts of 12 customers and then drained a total of $477,000 from those accounts.
The employee allegedly worked with a co-conspirator.
“Brown was able to see...
A dangerous Android-based banking malware is rapidly spreading across the United States and Canada.
Anatsa is capable of stealing banking credentials using various methods including overlay attacks and keystroke logging attacks, reports Threat Fabric.
The banking malware can also conduct fraudulent transactions remotely from the infected Android devices.
Threat Fabric says Anatsa is being...
Boutique investment bank KBW believes JPMorgan Chase and Morgan Stanley are primed to witness higher prices as conditions conspire to favor large US banks
In a new interview on CNBC Television, KBW head of US bank research Chris McGratty says the firm has upgraded its ratings for JPMorgan and Morgan Stanley to outperform, with price targets of $327 for JPM and $160 for MS.
According to McGratty...
The four largest banks in the US are staring at tens of billions of dollars in unrealized losses on their held-to-maturity (HTM) securities as bond portfolios remain in the red.
JPMorgan Chase, Bank of America, Wells Fargo and Citigroup, according to S...
Florida Attorney General James Uthmeier has launched an investigation into Robinhood over allegations that the retail trading giant falsely promotes its crypto platform as the least expensive way to purchase digital assets.
Uthmeier notes that Robinhood earns revenue by routing customers’ trades to third-party market makers in a payment-for-order-flow (PFOF) system.
The state attorney general...
A pro football player has lost a huge sum of cash to a bank fraud scheme, raising suspicions of insider involvement at JPMorgan Chase.
Minnesota Vikings linebacker Dallas Turner was duped out of $240,000 by a scammer who seemed to have intimate knowledge of his account, reports the Star Tribune.
Someone posing as a Chase banker called Turner and made him think his account was under attack....
Matt Hougan, the chief investment officer (CIO) of the digital asset management firm Bitwise, is predicting that Bitcoin (BTC) will go up by more than 70% from the current level.
In a new interview on the White Crypto YouTube channel, Hougan says Bitcoin could reach a price “north of $200,000” by the end of this year.
According to the Bitwise CIO, demand for the crypto king is currently...