Page 4 - Jpmorgan

Govt bonds' JP Morgan index inclusion to boost rupee, help finance CAD: CEA

Fiscal, monetary policies will need to be cognizant of global perceptions and sensitivities, says Nageswaran

Bonds settle lower after initial euphoria on JPMorgan's index inclusion

The yield on the benchmark 10-year bond settled at 7.19 per cent, against 7.16 per cent on Thursday

What would India's inclusion in JPMorgan's bond index mean for its markets?

Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said

Indian bonds, and rupee surge post inclusion in JPMorgan EM bond index

Market experts are projecting approximately $30 billion in inflows into the government bond market following India's inclusion in the index

JPMorgan index inclusion shows confidence in India's economy: Ajay Seth

Inclusion will start on June 28, 2024, and extend over 10 months, with 1% increments on its index weighting, as India is expected to reach the maximum weighting of 10%

Rupee appreciates by 38 paise to 82.75 against US dollar in early trade

The rupee appreciated by 38 paise to 82.75 against the US dollar in early trade on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Forex traders said the decision of JPMorgan Chase & Co to include Indian government bonds in its benchmark emerging-market index, is expected to have far-reaching implications for India's debt market and global investors. At the interbank foreign exchange, the domestic unit opened strong at 82.75, registering a gain of 38 paise from its previous close. On Thursday, the rupee consolidated in a narrow range to settle 2 paise lower at 83.13 against the dollar. India's inclusion in a major global bond index will open doors to increased foreign investment in the nation's debt market, traders said. "The inclusion of India in the JPMorgan bond index has had a favourable effect on the rupee, with the currency showing strength by appreciating around 0.42 per cent in the NDF markets and reaching levels around 82.80," CR .

JPMorgan wins court ruling that leveraged loans are not securities

The decision Thursday by the Second Circuit US Court of Appeals in Manhattan came in a securities fraud lawsuit brought by a trustee for note purchasers in a 2014 syndicated loan deal

JPMorgan Index may include India's sovereign bonds in 2024, says Pictet

India has in recent years come close to opening its $1 trillion government debt market to more global funds before pulling back from meeting the requirements for index inclusions

JPMorgan, other top banks likely to face ratings cut, says Fitch Ratings

Stocks sink on downgrade warning

Indian firms' funding costs from FPIs to rise by up to 40 bps: JPM analysts

He added that costs would increase by about 10 to 20 basis points for Mauritius-based SPVs

Reliance Industries rallies on finance unit listing, retail buyback plans

The buyback of the small number of non-promoter shares is effectively a clean-up of the shareholding before any eventual IPO of the retail venture, JPMorgan Chase & Co. said in a note

JPMorgan to pay $4 mn fine to SEC as it mistakenly deletes 47 mn records

Brokerages like JPMorgan Securities are required to retain records of business communications sent and received for at least three years, the SEC said

Ancient charcoal key to net-zero target set by blue-chip companies

The market for biochar remains small for now, thought it seems poised to soar as more farmers use it as a soil additive and firms seek new ways to meet net-zero targets

CEO Jamie Dimon has 'no plans' to run for office, says JPMorgan spokesman

Bill Ackman said last week that Dimon should run for president in 2024, describing him as a political centrist who could beat President Joe Biden in a primary or Trump in election

Can't find Musk to serve subpoena in Epstein lawsuit: US Virgin Islands

The government of the US Virgin Islands told a federal judge Monday that it can't find billionaire Elon Musk to serve him with a subpoena for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein. It wants to serve his electric vehicle company instead. Lawyers asked Judge Jed Rakoff in Manhattan in a court filing to let it serve the subpoena on Tesla Inc. because it has not been able to give the papers to Musk or his lawyers since it issued the subpoena on April 28. They said they hired an investigative firm to search public records databases for possible addresses for Musk and reached out to one of his lawyers by email but received no response. A message sent to a lawyer for Musk seeking comment on Monday was not immediately returned. The government of the US Virgin Islands said it believes Epstein may have referred or tried to refer Musk to JPMorgan. It sued JPMorgan last year, saying its investigation ha

First Republic Bank seized, sold to JPMorgan for nearly $10.6 billion

Shares halted for trading after pre-market plunge of 43%; other regional banks sink, too

JPMorgan's health care venture arm makes fertility bet in $25 mn deal

The investment comes after a March fund-raise where Kindbody secured $100 million from Perceptive Advisors in a deal that valued the company at $1.8 billion

Timeline: Road to First Republic Bank's collapse; to be sold to JPMorgan

Last week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the lender's shares

JPMorgan to acquire First Republic Bank after seizure by regulator

First Republic Bank is the third major US bank to fail in two months after Silicon Valley Bank and Signature Bank

FDIC asks JPMorgan, PNC to submit final bids for First Republic by Sunday

The bidding process kick-started by regulators - after weeks of fruitless talks among banks and their advisers - could pave the way for a tidier sale of First Republic