By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co named Teresa Heitsenrether its chief data and analytics officer, leading the adoption of artificial intelligence across the largest U.S. bank, according to memos seen by Reuters Wednesday. Tim Fitzgerald will succeed Heitsenrether as global head of securities services, according to another memo. The appointments,…
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials. In a Tuesday night court filing, the largest U.S. bank also described…
By Ross Kerber (Reuters) – Tesla Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. Tesla was cut from the index last year because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles. The removal prompted Chief…
(This June 20 story has been refiled to spell out the name of Healthcare of Ontario Pension Plan in paragraph 5) By Chibuike Oguh NEW YORK (Reuters) – Savers Value Village said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store…
By Jody Godoy (Reuters) – Months before cryptocurrency exchange Coinbase became the biggest target of the U.S. crackdown on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases. Before the U.S. Securities and Exchange Commission sued Coinbase on June 6, the company had…
(Reuters) – U.S. Treasury Secretary Janet Yellen will press world leaders to take concrete actions at a summit this week on easing the debt burdens of low-income nations, a senior Treasury Department official said on Wednesday. Yellen will lead the U.S. delegation to the Paris meeting on Thursday and Friday. French President Emmanuel Macron also…
By Luc Cohen NEW YORK (Reuters) -A former New York City police sergeant was convicted by a jury on Tuesday of acting as an illegal Chinese agent by intimidating a U.S.-based fugitive to try to get him to return to his homeland to face charges. Federal prosecutors in Brooklyn said Michael McMahon was hired to…
NEW YORK (Reuters) – The Federal Reserve’s fight to lower inflation back to its 2% target “has a long way to go,” Federal Reserve Chair Jerome Powell said on Wednesday in testimony prepared for delivery to the House Financial Services Committee. Investors broadly expect increases to resume at the Fed’s July meeting, after the Fed…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s commercial bank is entering Singapore and Israel this year as its unit catering to midsize and small companies makes a global push, the bank said. The moves will give the commercial bank a presence in 28 countries by year-end. JPMorgan’s international…
By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode” amid excitement over advances in artificial intelligence. The group had retreated into a defensive stance, curbing investment activity as it booked heavy investment losses at its…
