Banking powerhouse JPMorgan recently increased its 2023 revenue target by $3 billion on improved operational prospects. JPMorgan Chase (NYSE: JPM) has increased its 2023 key revenue target to $84 billion following its acquisition of First Republic earlier this month. The New York-based banking giant revealed the projected performance at an investor presentation Monday which should … Read more
American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank. As reported by CNBC, JPMorgan Chase & Co (NYSE: JPM) acquired all of the deposits of First Republic Bank (NYSE: FRC) and a substantial number of its shares. The acquisition was made possible after regulators … Read more
In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance. The banking crisis unfolds further, with the US officials trying to coordinate with the private sector to reach an agreement on … Read more
While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier digital currency is changing … Read more
VCs remain the major source through which institutional investors access crypto. Venture capital (VC) firm Re7 Capital has tapped web3 advisory and crypto infrastructure firm Republic Crypto to launch a $100 million fund for liquid tokens. The fund, which is dubbed RxR Opportunities Fund, is one of the early initiatives of the 2022 strategic joint … Read more