JPMorgan Chase & Co. (CMC.DE)
- Yahoo Finance Video
JPMorgan's Dimon, Goldman's Solomon voice concerns on economy
In recent interviews, JPMorgan Chase (JPM) CEO Jamie Dimon believes a hard-landing scenario for the US economy is still possible while Goldman Sachs (GS) CEO David Solomon expects the Federal Reserve will keep interest rates higher for even longer based on AI efficiencies. Yahoo Finance's The Morning Brief report on these Big Bank reactions after the release of May's FOMC meeting minutes and what these comments say about overall confidence for the Fed's 2% inflation target For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Reuters
JPMorgan to pay $100 million over CFTC trade reporting violations
The gaps meant the bank violated rules for CFTC-registered entities on reporting of trade data, regulators said in their order. A JPMorgan spokesperson declined to comment, but referred to previous statements that the bank self-reported the violation and that it found neither misconduct nor any harm to customers. The admission is a win for the CFTC, which has increasingly been pushing for admissions of guilt when agreeing to settle with companies over misconduct.
- Reuters
Orsted receives $650 million tax equity financing from J.P. Morgan
The tax equity allows for tax credit transferability under 2022 President Biden's Inflation Reduction Act, which corporate buyers can purchase to support clean energy storage projects in the U.S. Additionally, the Biden administration is undertaking a separate effort to identify areas in 11 western states best suited for solar energy development, which it expects to finalize by the end of the year.
