Evergrande: A black swan event that could spook markets
EverGrande is now known as the “world’s most indebted property developer” and serves as a symbol of corporate excess.
Wells Fargo forgoes revolving credit facility
Wells Fargo has decided to end its revolving credit facility for customers and will shut down the existing ones too in the coming weeks. “Wells Fargo recently reviewed its produc
JPMorgan Chase to Shift $200 billion Assets out of UK
Banks and financial institutions are moving out of London as no trade deals seems to be on the horizon for Britain after exiting the EU
JP Morgan is the New Kid on the Blockchain
JP Morgan Chase on Thursday announced its ambitious plan to enter the blockchain business. The largest of America’s Big Four banks unveiled a digital coin system, called JPM Coin
JP Morgan Chief: Brexit Could Lead to 4,000 Job Cuts
JP Morgan’s chief executive officer, Jamie Dimon has warned that a cut of over 4,000 jobs in the UK would be inevitable after Brexit if common rules of banking are not agreed by
Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud
Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn by Virginia over sale of residential
Goldman Sachs Settles $3.15 Billion FHFA Lawsuit
Goldman Sachs said on Friday that it has agreed to pay $3.15 billion, its largest bill yet to resolve a government lawsuit related to the financial crisis. The settlement is said
News Corp Approves its Plan to Split
One of the biggest news that has swept the world of entertainment and media recently is the idea of the News Corp. to split its business in two halves. As per the reports of the Wa
JPMorgan Chase Corporate Challenge: The biggest Networking Party of the year.
35 years of walking hand in hand, over 7,50,000 people from businesses and corporations over all these years, more than 7000 different companies across the globe, and a single moti