JPMorgan Chase & Co
JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’
The Chase bank logo above ATMs, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in […]
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CNBC’s Inside India newsletter: A poorly timed IPO?
MUMBAI, MAHARASHTRA, INDIA – 2024/10/21: Hyundai logo is seen on the Hyundai car showroom in Mumbai. Hyundai Initial Public Offer (IPO) will be listed on the stock exchange on 22nd October 2024. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images This report is from this week’s CNBC’s “Inside […]
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AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
Key Points Morgan Stanley is expanding the use of OpenAI-powered generative AI tools to its vaunted investment banking and trading division, CNBC has learned. The firm began testing a version of an AI assistant based on OpenAI’s ChatGPT, called AskResearchGPT, this summer in its institutional securities group, according to Katy Huberty, Morgan Stanley’s global director […]
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Stripe’s $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company […]
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KKM Financial’s Essential 40 stock fund is now an ETF
The Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty Images KKM Financial has converted its Essential 40 mutual fund into an ETF, joining the growing shift by asset managers to a more tax-efficient fund model. ETFs make it easier for investors and financial advisors with taxable […]
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Robinhood rolls out high-risk margin trading in the UK after getting regulator nod
Tthe Robinhood logo is displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images LONDON — Robinhood said Monday that it’s rolling out margin investing — the ability for investors to borrow cash to augment their trades — in the U.K. The U.S. online investment platform said that the option would allow users […]
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CNBC Daily Open: Everyone’s watching Netflix shares
The Netflix Albuquerque Studios film and television production studio lot in Albuquerque, New Mexico. Patrick T. Fallon | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what […]
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CNBC’s Inside India newsletter: The changing face of India’s rich
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. India is mourning the death of Ratan Tata, the visionary industrialist and philanthropist. The former chairman of […]
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Morgan Stanley is about to report earnings — here’s what to expect
Key Points Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. The bank’s massive wealth management business will be helped by high stock market values in the quarter, which inflates the management fees the bank collects. JPMorgan Chase, Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or […]
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Bank of America is set to report third-quarter earnings — here’s what the Street expects
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters Bank of America is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what […]
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