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Tag: JP Morgan

JP Morgan doubts $2tn US stablecoin growth forecasts
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JP Morgan doubts $2tn US stablecoin growth forecasts

United States investment bank J.P. Morgan has cast doubt on the most bullish forecasts for stablecoin growth, predicting on Thursday that the market will only reach $500 billion by 2028, far below the multi-trillion-dollar projections from other financial institutions. The investment bank said expectations of explosive stablecoin adoption are “far too optimistic,” citing a lack […]

JP Morgan doubts $2tn US stablecoin growth forecasts
News

Nigeria in talks to rejoin JP Morgan bond index

Nigeria is in advanced discussions with JP Morgan to re-enter its Government Bond Index, a move aimed at restoring investor confidence and signalling economic reform progress. The Director-General of the Debt Management Office (DMO), Patience Oniha, disclosed this during the Nigerian Investors’ Forum held on the sidelines of the ongoing World Bank and International Monetary […]

JP Morgan to establish full-fledged branch in Nigeria
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JP Morgan warns investors, raises concerns over Nigeria’s economic stability

J.P. Morgan has advised investors to exit long positions in Nigerian Open Market Operation bills, citing concerns over Nigeria’s economic stability. In a research note dated April 9, 2025, the investment bank warned that falling oil prices and renewed trade tensions could deepen the country’s macroeconomic vulnerabilities. As Brent crude approaches sub-$60 levels, J.P. Morgan […]

JPMorgan boosts software development speed by 20% with in-house AI
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JPMorgan boosts software development speed by 20% with in-house AI

JPMorgan Chase has increased its software engineers’ productivity by 10% to 20% using an internally developed AI-powered coding assistant, the bank’s global chief information officer, Lori Beer, said on Thursday. The efficiency gains create “a great opportunity” for the bank to reallocate engineers to other strategic projects, Beer told Reuters ahead of DevUp — an […]

JP Morgan secures license to open office in Kenya
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JP Morgan secures license to open office in Kenya

After a lengthy 12-year wait, US banking giant JP Morgan Chase has received an operating license from the Central Bank of Kenya to establish a representative office in Nairobi. While this office will not conduct transactions like a traditional bank, it will promote JP Morgan’s banking and advisory services in the region. JP Morgan CEO […]

JP Morgan doubts $2tn US stablecoin growth forecasts
News

JPMorgan Chase unveils AI tool for research analysis

JPMorgan Chase has introduced a new generative artificial intelligence tool, which it claims can perform the duties of a research analyst. According to a Financial Times report, the bank has begun rolling out its proprietary version of OpenAI’s ChatGPT to employees. The financial giant, which is the largest bank in the United States, has made […]

JP Morgan CEO Dimon labels Bitcoin scam
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JP Morgan CEO Dimon labels Bitcoin scam

The Chief Executive Officer of the global banking giant JP Morgan Chase, Jamie Dimon, has labeled Bitcoin as a Ponzi scheme, sparking controversies within both the crypto and financial spheres. Dimon’s recent comments echo his longstanding criticism and skepticism towards cryptocurrencies such as Bitcoin. Dimon’s critique and ongoing campaign against Bitcoin stem from his belief […]

Banking

MasterCard, JPMorgan, others partner to boost payment choices

MasterCard says it has welcomed a raft of new global partners to its innovative MasterCard Installments programme and is expanding it further to support small businesses. According to the company, this illustrates the demand for powerful buy now, pay later (BNPL) experiences from familiar and trusted brands. MasterCard said several new partners were providing support […]

Oil and Gas

FG studying UK ruling over oil fraud – Minister

The Minister of Information and Culture, Lai Mohammed, said on Wednesday that the Federal Government lawyers are still studying the judgment of a United Kingdom Commercial Court that ruled out fraud in the Oil Processing Licence 245 transaction between Nigeria and JP Morgan Chase Bank. According to The PUNCH, he disclosed this while answering questions […]

News

UK court rules against FG as Nigeria loses $1.7bn JP Morgan case

A United Kingdom court Tuesday ruled against Nigeria in its $1.7 billion claims against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in the controversial Malabu oil deal. Nigeria had alleged that JP Morgan was “grossly negligent” in its decision to transfer funds paid by oil giants Shell […]

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