Jpmorgan Chase Stock News

Counterparty Radar: Citi loses third of market share

With Chinese Commodity Tycoon Bailed Out, LME Announces Nickel Market To Reopen With the Nickel market shuttered after a Chinese stainless steel tycoon was caught with a historic, potentially fatal $8 billion margin call hanging over its head, today the London Metal Exchange announced that it will reopen its nickel market on Wednesday, more than a week after it was closed last Monday, after the Chinese company at the center of the epic short squeeze was bailed out by a consortium of banks led by JPMorgan which is also the largest counterparty to the short (for a detailed breakdown read " The 18 Minutes of Trading Chaos That Broke the Nickel Market ") . Trading in nickel will resume after Xiang Guangda, whose massive short position equivalent to approximately 150,000 tons of nickel, roiled the market last week, announced a standstill with his banks to avoid further margin calls as Bloomberg first reported earlier . Xiang’s Tsingshan Group had been in discussions with banks led by JPMorgan Chase & Co. about a loan facility to backstop his short position and said Monday that talks on the funding would continue during the standstill period.

U.S.-based multinational financial institution JPMorgan Chase & Co. has announced it will lift its ban on not hiring individuals due to their unvaccinated status.In a memo obtained by Bloomberg News, JPMorgan said it will also end mandatory…

Chinese Nickel Tycoon Reaches Standstill Deal On Massive Margin Call It appears that JPMorgan has finally reached a deal to bail out the Chinese tycoon which is also its biggest Nickel short counterparty. While by now most are probaly tired of the neverending Nickel saga on the LME, which has been exposed as a joke of a market catering to whale Chinese clients to avoid angering its Hong Kong (read China) owners, moments ago Bloomberg reported that Tsingshan has reached an agreement with a consortium of hedge bank creditors on a standstill arrangement, according to statement. The report notes that in the course of the standstill period, "Tsingshan and banks will progress discussions on a standby secured liquidity facility intended principally for Tsingshan’s nickel margin and settlement requirements." Additionally, for the period of the standstill, the participating hedge banks agree not to close out positions against Tsingshan or to make further margin calls in respect of existing positions.

JPMorgan Chase <> will end its policy of requiring new hires to be vaccinated for COVID-19, Bloomberg reported, citing a company memo.As of April 4, mandatory testing of employees…

Park theatre, London Ron Hutchinson’s play picks up intriguing themes about fake news and psychology but fails to explore them in depth “What if the Titanic never hit an iceberg? What if it sank for another reason?” asks a bereaved character whose fiance perished on the “ unsinkable ” luxury liner in 1912. The what ifs in Ron Hutchinson’s drama explore the psychological effects of fake news spawned in the wake of the disaster, specifically the theory that the American financier JP Morgan orchestrated the sinking of the ship to kill off his enemies. It is a zany idea for a play, even if it lies on the outer realms of conspiracy theory. Ghosts of the Titanic is at Park theatre, London , until 2 April. Continue reading…

Two years after sending employees home en masse in the early days of the pandemic, corporations are preparing for the return to office life.

Monday afternoon''s top analyst upgrades and downgrades included big names like Alibaba, Bilibili, Dada, Pinduoduo, Tyson Foods and more. JPMorgan targeted Chinese companies in a series of sweeping downgrades.

Golden Dragon China Index Crashes 13% After JPM Downgrades Chinese Internet Sector, Tells Clients To Avoid For 6-12 Months Adding insult to injury, just hours after a record crash in the Hang Seng Tech index which dropped 11%, or the most ever… ... as Chinese companies traded in Hong Kong suffered their biggest drop since the global financial crisis, as panic selling gripped swept across local investors, and the Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008... ... on Monday morning the Golden Dragon China Index cratered as much as 13%, bringing the two-day drop to just under 30%... ... after JPMorgan recommended investors "avoid China Internet on a 6-12 month view." From the note As risk management becomes the most important consideration for global investors in relation to their China Internet investment strategy as they price in China’s geopolitical risks and incremental concerns about regulatory risks, we find China Internet unattractive on a 6-12 month view with an unpredictable share price outlook, depending on the market perception of China’s geopolitical risks, macro recovery and Internet regulation risk.

Major US and European banks are increasingly distancing themselves from Russia in the wake of its invasion of Ukraine. Citi''s announcement to scale back its operations in the country go beyond previously disclosed plans to sell its retail bank in Russia.

The bank has shaken up the senior ranks of its Emea ECM team

Banks led by JPMorgan Chase & Co. are in advanced talks for a loan facility to backstop Xiang Guangda’s short position in nickel, in an attempt to restore stability to the market after an unprecedented squeeze.

Luongo: The Ins & Outs Of Whose Money Is It Anyway? Authored by Tom Luongo via Gold, Goats, ''n Guns blog, “Inside, Outside…. Leave me alone! Inside, Outside … Nowhere is home! Inside, Outside … Where have I been? Out of my brain on the 5:15…” - The Who There’s been a massive reaction to Credit Suisse analyst Zoltan Poszar’s note about the birth of a new Bretton Woods agreement . Every investor in the world should read it. Zerohedge posted ( behind their paywall ) a lengthy analysis of Poszar’s musing along with some reactions from Wall St. It is well worth your time. The people most freaked out about this note are the Keynesians who worship at the altar of what Poszar calls Inside Money — money that only exists inside the financial system, bonds, credit, dollars, euros, etc. Austrians, like myself, have always understood that eventually Inside Money fails because it is ultimately nothing more than a Ponzi Scheme built on top of Outside Money — money that exists outside the financial system, like commodities and bitcoin.

JPMorgan, Standard Chartered and BNP Paribas were among the banks and brokers seeking to reach an agreement with Tsingshan Holding Group

Swiggy picks I-Sec, JP Morgan for blockbuster IPO; may raise over $1 billion Moneycontrol