One industry that’s being replaced by AI: proxy advisors. “[JPMorgan] will use the [internal artificial-intelligence-powered] platform to manage the votes and the AI also will analyze data from more than 3,000 annual company meetings and provide recommendations to the portfolio […]
JPMorgan’s insult added to its injury. They are “footing a staggering $115 million bill for the army of lawyers who defended convicted fraudster Charlie Javice and her former colleague Olivier Amar — a sum nearly two-thirds of what the bank […]
“That is, in some sense, JPMorgan paid Frank [the startup it acquired] $175 million for an email list. … It went poorly.” In their defense (hah, not really) there were 4.3 millions of those emails. Unfortunately they were emails bought […]
I first shared news of this partnership’s formation in 2018. We now come full circle to its end. I’m reminded of an old Jeff Bezos comment about the Fire phone: “If you think that’s a big failure, we’re working on much […]
“While its CEO once called bitcoin a fraud, U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, Coinbase and Gemini.” | learn more
They “have begun testing the new health-care venture they’re developing with Warren Buffett’s Berkshire Hathaway Inc., rolling out some of the new offerings to employees in a handful of states.” | learn more
“On June 17, border agents found 39,525 pounds of cocaine stashed in several containers on the MSC Gayane at the Philadelphia seaport. The street value of the drugs was estimated at about $1.3 billion, making it the largest cocaine seizure […]
This news of the bank’s new digital currency for cross-border payments has been reported in many places. I’m choosing this American Banker article partly because it’s finance-industry appropriate, but mostly because it quotes our very own subscriber Nelson Rosario a […]