Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

Trump Pressures Fed for More Rate Cuts as Mega-Banks Drain the Balance SheetU.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, […]

The post Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet appeared first on Bitcoin News.

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War

A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such large scale transport is used […]

The post JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War appeared first on Bitcoin News.

JP Morgan: Bitcoin Would Only Make Sense in a Dystopian Scenario

Jp Morgan: Bitcoin and Cryptocurrency Would Only Make Sense in a Dystopian ScenarioJP Morgan has continued to bash bitcoin and cryptocurrencies, saying the value of them is still unproven and that it will be at least another three to five years before blockchain technology makes a difference to the banking sector.  Also read: Jamaica Stock Exchange Plans to List Security Tokens ‘A Dystopian Scenario’ America’s largest bank has […]

The post JP Morgan: Bitcoin Would Only Make Sense in a Dystopian Scenario appeared first on Bitcoin News.