American JP Morgan Chase & Co. could pay the fine of nearly $ 1 billion in the connection with the US government’s investigation into the bank’s operations, reported Bloomberg.
“JP Morgan Chase & Co. is preparing to pay nearly $ 1 billion due to the US government’s investigation of the market manipulations related to its trading in metal futures and treasury securities, ” – three sources told the agency.
It is noted that the bank was suspected of spoofing (substituting addresses on the Internet) and manipulating market prices through orders that are placed and then canceled by traders to change prices in the certain direction.
According to two sources, such the agreement could put the end to the investigation by the Department of Justice, the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). A possible fine could be a record of its kind, however, the agreement can be announced the other day, sources said.
The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]
On Monday, November 9, Pfizer CEO Albert Burla sold 62% of his shares in the pharmaceutical company. This was reported by Markers Insider, citing documents from the US Securities and Exchange Commission (SEC). On the same day, Pfizer and BioNTech announced that their experimental COVID-19 vaccine had been successfully tested. Albert Burla sold 132,508 shares […]
The net profit of one of the world’s largest investment banks JP Morgan Chase (USA) in January-September 2020 decreased by 39% compared to the same period last year and amounted to 16.995 billion dollars, according to the report of the investment bank. Adjusted earnings per share were $ 5.09 against $ 8.15 a year earlier. […]
Shares of Nikola fell to 36.45% over the last week. Energy giant BP’s announcement on Wednesday that it is abandoning a potential partnership with Nikola, which exacerbated a number of problems faced by the startup in the recent days. Nikola planned to organize the production of its cars in partnership with other large manufacturers and […]
IPO Snowflake, which will take place on the NYSE, will be held at the higher price than announced in early September. On Monday, according to SEC applications, Snowflake, a company that makes storage software, raised its projected stock price to $ 100- $ 110, while the market valuation of the company could grow to $ […]
Shares of Peloton Interactive, which rose 184% since the beginning of the year, fell 3.6% over the past three trading days, despite two price target increase from experts of investment companies. Last week, JP Morgan raised its target price for Peloton shares from $ 58 to $ 105. On Friday, analysts at JMP Securities raised […]
Last week, Berkshire Hathaway has submitted a report form 13F to the Securities and Exchange Commission (SEC) for the second quarter of 2020, by providing an updated information about its portfolio of shares for publicly traded companies. The portfolio of one of the most famous in the world of investment companies headed by Chairman and […]
Malaysian companies can become participants in the management of the airports of Ukraine, Najib Razak (Najib Tun Razak) said Malaysian Prime Minister after talks with President of Ukraine Petro Poroshenko at a joint news conference in Malaysia. Julia Kovalev, First Deputy Minister of Economic Development and Trade of Ukraine explained, that here is we are […]
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It is widely known that in the modern world entities are created to do business lawfully. Now it is convenient not only to active entrepreneurs, but to active violators of the law who successfully hide their antics in large corporations. In different countries are increasingly progressing practice of money laundering, tax evasion and other financial […]
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The joint venture of Naftogaz of Ukraine and the Egyptian General Petroleum Corporation – Petrosannan Company – has added 20%, or 600 barrels per day, to oil production in the Western Desert of Egypt, the company’s press service reports. This was reportedly made possible by fracturing in the pilot wells. It is noted that if […]
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Currently, there are almost 2 million entrepreneurs in Ukraine, and each of them pays an average of 13 thousand hryvnias a year. Thereby, in 2019, the turnover of the PIF`s economy amounted to 1 million dollars. “Over the past eight years, revenue from private individuals to the budget have increased by 24 times. In the […]
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The owner of the largest online store Rozetka.ua, Vladislav Chechetkin accused the retailer “Epicenter” which is developing a network of building supermarkets, in the non-competitive behavior and pressure on suppliers. “Epicenter” for a long time, probably two years, requires the suppliers not to sell the goods in Rozetka.ua. This solicitation sounds like: if your product […]
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Gazprom can circumvent European restrictions on the Nord Stream-2 gas pipeline through a contract for gas supplies to the German market, which it has concluded with the Austrian company OMV. As we know, the EU gas directive requires half of the capacity of gas pipelines to be provided to independent suppliers. Except for routes for […]
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This week the report of the Alphabet associated company of Google for the fourth quarter 2015 is eagerly awaited in Wall Street. The company for the first time reports on the results separately from the rest of their enterprises. In October, Google conducted a massive restructuring process and has become a part of Alphabet holding […]
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January 17 of this year it became known on completion of the procedure of purchase of one of the largest in Eastern Europe IT-company SoftServe assets of Polish developer Coders Centre software, as reported online edition Inventure. The exact amount of the said financial transaction is not advertised, but experts believe that it is between […]
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The Deposit Guarantee Fund of individuals is starting the procedure of withdrawal from the market of Arcade Bank, the press service of the FDG reported. The Fund offered several options for removing the bank from the market: liquidation of the bank of exclusion in the elimination of all or part of its assets and liabilities […]
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“Danone Ukraine” Company has launched a new production facility for the manufacture of milk food for babies of TM “Tema” at the state milk plant in Kremenchug. This was said to AgroPortal.ua by the press-service of the company. Investments amounted to 200 million UAH and the production capacity estimates at 700 tons per month, or […]
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Prosecutor General Iryna Venediktova has reconciled three suspicions with former officials of PrivatBank, the press service of the Prosecutor General’s Office reports. Thus, the notification on the change of the previously reported suspicion to the former chairman of the bank’s board, the former deputy chairman of the board and the former head of the interbank […]
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NPJSC Ukrtransgaz, Engie and its Enegie Energy Management Ukraine subsidiary company have concluded the contracts on natural gas transportation and storage. NPJSC Ukrtransgaz is reported about it.The agreement conclusion has taken place in Paris during Ukrainian and French economy forum . Igor Prokopiv, the President of NPJSC Ukrtransgaz admitted that they were ready to perform […]
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The Ukrainian authorities are waiting for the new credit transfer revenues from the International Monetary Fund, according to Ukrainian news agencies Ukrainian News. The government is almost assured of getting a regular cash flow, referring to all the fulfillment of the conditions: the transition of Privatbank in public ownership and approval of the state budget […]
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The claims of retailers inflated rental rates and a weak strategy of promotion of trade centers and poor quality traffic that negatively affect their sales. In turn, rentiers accused the network of helplessness during the crisis and the inability to promote their goods. The scandal began in 2014, when several dozen representatives of the apparel […]
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The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]
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The President’s Office stated that the decision of the Kyiv District Administrative Court (KDAC) to dismiss NABU Director Artem Sytnyk could not be considered final, as it would be appealed. This was announced on Tuesday, October 27 by the press service of the President’s Office. The President also noted that any differences over anti-corruption bodies […]
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