J.P. Morgan – DIGIT INFO

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

DIGIT — Sun, 16 Apr 2023 22:30:17 +0000

Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers […]

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SWIFT action: JPMorgan and Visa team on cross-border blockchain payments

DIGIT — Wed, 12 Oct 2022 05:41:44 +0000

Visa is set to integrate its B2B connect network with JPMorgan’s suit of blockchain based cross-border payment products.

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JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’

DIGIT — Thu, 26 May 2022 00:00:28 +0000

JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” JPMorgan’s Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan […]

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The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System

DIGIT — Sat, 09 Apr 2022 18:30:05 +0000

While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift has increased. The preceding years filled […]

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JPMorgan Opens a Lounge in the Metaverse After Stating the $1 Trillion Market ‘Will Likely Infiltrate Every Sector’

DIGIT — Mon, 21 Feb 2022 03:30:31 +0000

Global Investment bank JPMorgan says, “The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.” The firm has set up a lounge in Decentraland. JPMorgan on the Metaverse Global Investment bank JPMorgan recently published a report titled “Opportunities in […]

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JPMorgan, Bank of America, Deutsche Bank Predict Major Recession

DIGIT — Sat, 11 Apr 2020 17:25:40 +0000

Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global recession. Also read: IMF Declares Global Recession, […]

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How the World’s Leading Banks Help Launder $2 Trillion a Year

DIGIT — Mon, 11 Mar 2019 21:50:23 +0000

Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or […]

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