Financials

Tagomi Holdings Inc. Announces New Funding led by Yale-backed Paradigm Fund, With Participation From Pantera and Other Prominent Clients

MetLife today announces Richard Nunn as its next Chief Executive Officer in Australia, commencing 1 May 2019. Mr Nunn is currently the CEO of Statewid

J.P. Morgan Chase & Co. (JPM) on Tuesday announced corporate restructuring plans that will establish a significant Wealth Management business operation in Luxembourg and also enhance capabilities in divisions of its Corporate & Investment Bank - Treasury Services and Custody & Fund Services.

At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors. On Wall Street, though, hopes are fairly high that it's a manageable problem, at least for the next year or two.

In a widely expected move, the Federal Reserve announced its decision to raise interest rates by a quarter point on Wednesday. The central bank said its Federal Open Market Committee decided to raise the target range for the federal funds rate by 25 basis points to 2.

JPMorgan Chase & Co. (JPM) is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, Bloomberg reported citing people familiar with the matter.

The Colorado Securities watchdog issued cease and desist orders to four cryptocurrency startups asking them to stop promoting unregistered securities to residents of the state.

Citi (C) said that it will begin offering Direct Custody & Clearing or DCC services to clients in Norway, starting mid-November. The new offering expands Citi's proprietary DCC network to over 60 markets globally including 37 markets across Europe, the Middle East and Africa or EMEA.

Bank of America continues to make significant investments to modernize more than half of its financial centers nationwide, along with its entire ATM n

Cryptocurrency startup Circle Internet Financial Ltd, which is backed by Goldman Sachs, is seeking to raise about $250 million in equity and debt, according to a report by technology news website The Information.