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JPMorgan's Pinto Sees Possible 40% Equity Correction in 2-3 Years

Daniel Pinto, who oversees the trading and investment-banking unit at JPMorgan Chase & Co., discusses equity markets, volatility, inflation and Bitcoin.

He speaks with Francine Lacqua on “Bloomberg Surveillance”. 10 more words


Why Amazon Is Offering a Small-Business Credit Card

(Source: www.inc.com)

Amazon is taking another step into the saturated financial services industry, and small-business owners could reap the benefit.

The e-commerce giant is planning to offer a new, co-branded credit card that targets small-business owners, according to a… 358 more words

Money Matters

Deutsche Bank executive woes continue

Deutsche Bank announced over the weekend that its top C-Suite executives would not be getting a bonus again this year.

CEO John Cryan strangely made the announcement Friday night at Austin’s South By Southwest conference, stating that for the third consecutive year top execs would forego year end payouts as the bank struggles to pull itself out of the mire of questionable trading practices. 217 more words


JPMorgan Co-President warns of 40% correction in stocks – is he too pessimistic, or bearish?

JPMorgan Chase Co-President Daniel Pinto thinks the stock market is set for a 40 percent fall in the next 2-3 years, a move down which would end up wiping out the last 2 year’s of gains in the market rally stateside. 552 more words

Amazon may partner with JP Morgan to offer bank accounts

As reported by Financial Times Amazon is considering to launch a product similar to a bank account that will be offered to its customers. The project is said to be in an early stage and some discussion are in progres with  115 more words


JPMorgan Is Admitting It Fears Cryptocurrencies Now.

JPMorgan Chase, a global financial services company, followed Bank of America’s lead and admitted that the rise of cryptocurrencies as a threat to its business. 151 more words

JPMorgan Chase Admits Cryptocurrency Is a 'Risk' to its Business for the First Time

Despite JPMorgan Chase CEO Jamie Dimon having called Bitcoin a “fraud,” the big bank is now taking cryptocurrency very seriously—acknowledging the blockchain-based technology as a veritable threat to its future. 423 more words