Auto parts lender First Brands filed for Chapter 11 bankruptcy protection with around $6.1 billion in debt on its books, while Tricolor—a subprime auto lender and dealer—filed for Chapter 7 bankruptcy citing alleged systemic fraud.
JPMorgan Chase & Co. is asking a court to terminate its obligation to pay the legal bills of Charlie Javice, the founder of the college financial aid startup Frank, whose fees have ballooned to over $115 million since she was convicted of defrauding the bank.
JPMorgan Chase reportedly plans to allow its institutional clients around the world to use their Bitcoin and Ether holdings as collateral for loans. The program is set to be offered by the end of the year, Bloomberg reported Friday (Oct. 24), citing unnamed sources.
JPMorgan Chase has appointed Bank of America executive Kevin Brunner as the global chair of investment banking and M&A, according to an internal memo seen by Reuters on Friday.
JPMorgan Chase & Co has poached three senior investment bankers from Deutsche Bank and Goldman Sachs to expand the M&A team that caters to the business services sector - and isn't done yet - in a push to dramatically increase fee revenue, a top banker told Reuters.
South Carolina-based Apricus Wealth sold 10,784 shares of JPMorgan Chase & Co. for an estimated $3.2 million in the third quarter. The move represents about 1.7% of 13F reportable assets under management at the end of the quarter.
Argentine President Javier Milei will meet with JPMorgan Chase CEO Jamie Dimon in Buenos Aires this week, according to three sources familiar with the matter.
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