In the previous quarter, oil prices increased by an average of 28%, reaching a 2023 high in September as OPEC+ output cutbacks and further supply limitations from Saudi Arabia and Russia produced a market deficit. Following the recent surge, JPMorgan analysts recently stated in a client note that they anticipate a fall in oil sales…
The biggest US banks’ profit lines suffer as consumers fail on loans totaling billions of dollars. The Financial Times reports that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley show up having written off a total of $5 billion in funds in Q2 of the current year as clients…
JPMorgan Chase has now been fined $4 million by the U.S. Securities and Exchange Commission for erasing roughly 47 million emails, among them commercial communication that had been the subject of subpoenas in a minimum of twelve regulatory inquiries. The emails went out between January 1 and April 23, 2018, and JPMorgan’s broker-dealer affiliate deleted…
The victims had accused the bank of facilitating sex trafficking while Epstein was a client. JPMorgan Chase has agreed to pay $290 million to settle a class-action lawsuit brought by victims of Jeffrey Epstein’s sexual abuse JPMorgan Chase, the largest bank in the United States, and the victims’ attorneys issued a joint statement confirming the…