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A former JPMorgan Chase foreign exchange trader was sentenced Thursday to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades. Akshay Aiyer, 37, was also sentenced to two years supervised release and fined $150,000 by Manhattan Federal Judge John Koeltl. Prosecutors had sought up …
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JPMorgan Chase will not pay for junior sales and trading staff to take an Uber to work, reversing actions the bank took after the COVID-19 pandemic to help staff feel comfortable about commuting to work, Bloomberg News reported. The change was communicated by managers last week, Bloomberg reported on Wednesday, citing people with knowledge of …
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JPMorgan Chase executives told senior employees of the bank’s sales and trading operation that they and their teams must return to the office by Sept. 21, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Trading chief Troy Rohrbaugh and Marc Badrichani, the bank’s global head of sales and research, delivered …
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Federal law enforcement authorities have charged 57 people with stealing $175 million from an aid program meant to help small businesses weather pandemic lockdowns, officials said on Thursday, adding that they are eyeing hundreds more suspected cases of fraud. Officials said they have identified 500 individuals who may have defrauded the $660 billion Paycheck Protection …
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President Trump is growing more likely to win a second term in November, according to a JPMorgan market guru who says investors should plan accordingly. Violent protests against police brutality and skewed political polls have helped increase the betting odds of Trump beating Democratic nominee Joe Biden in November, according to Marko Kolanovic, JPMorgan’s global …
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Leaders of Amazon, Google, JPMorgan Chase and two dozen other giant companies have pledged to hire 100,000 New Yorkers from disadvantaged backgrounds by 2030. The 27 corporate titans formed the New York Jobs CEO Council to create paths to in-demand jobs for low-income, black, Latino and Asian workers, including 25,000 CUNY students, according to a …
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This year 100-year-old World War II veteran who helped defeat fascism only to endure harsh segregation at home has just won a battle against a new foe – his bank. The JP Morgan Chase bank on Friday agreed to drop its foreclosure case against centenarian James Been over a disputed $100,000 home equity loan issued …
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Desperate small businesses may finally be getting some good news from the nation’s biggest bank. After coming under heavy criticism for processing coronavirus stimulus loans to large, publicly traded clients like Shake Shack and Ruth’s Chris Steakhouse, JPMorgan Chase on Thursday told 220,000 clients that its Payroll Protection Program loans have been processed, with all …
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JPMorgan Chase is closing about a fifth of its bank branches to help contain the spread of COVID-19. The finance giant will shutter about 1,000 Chase bank locations temporarily, according to a memo sent to employees Wednesday. The roughly 4,000 other branches will reduce their operating hours starting Thursday. The bank is trying to balance …
A former JPMorgan Chase foreign exchange trader was sentenced Thursday to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades. Akshay Aiyer, 37, was also sentenced to two years supervised release and fined $150,000 by Manhattan Federal Judge John Koeltl. Prosecutors had sought up …
