Jpmorgan – InfoStride News

JPMorgan Predicts $30 Billion Selloff in Private Credit for 2024

Temitope Nlewemchi — Sun, 14 Jan 2024 00:43:50 +0000

In a significant financial projection, JPMorgan, one of the world’s leading financial institutions, has forecasted a noteworthy selloff amounting to approximately $30 billion in the private credit market for the upcoming year, 2024. This prediction carries implications for investors, financial institutions, and the broader economic landscape, highlighting potential shifts in market dynamics and investment strategies. [...]

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Nigeria’s $1.7 billion suit: Why London court ruled in favour of JP Morgan

Temitope Nlewemchi — Thu, 16 Jun 2022 22:30:43 +0000

A London high court on Tuesday ruled in favour of JPMorgan Chase & Co. in a $1.7billion suit over its role in the disputed 2011 Malabo oil deal. Nigeria alleges that JP Morgan was “grossly negligent” in its decision to transfer funds paid by oil giants Shell and Eni into an escrow account controlled by [...]

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JPMorgan Will Outlast China’s Communist Party, Says Jamie Dimon

Ifeanyi Nwagboso — Wed, 24 Nov 2021 13:00:36 +0000

JPMorgan Chase and Co’s Chief Executive Officer Jamie Dimon joked on Tuesday that his bank would last longer than China’s Communist Party. While reiterating his bank’s commitment to doing business in China, Dimon said: “I made a joke the other day that the Communist Party is celebrating its 100th year – so is JPMorgan. I’d [...]

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JPMorgan: South Africa riots will push economy into 3% contraction in Q3

Temitope Nlewemchi — Sat, 17 Jul 2021 22:29:09 +0000

The unrest that has ripped through South Africa in the past week will force its economy to contract by 3% in the third quarter and drag down full-year growth, Wall Street bank JPMorgan said on Friday. Rioting broke out in several parts of the country, which has Africa’s most industrialised economy, following the jailing of [...]

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