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More than 75 banks have joined the Interbank information network (IIN), based on the Quorum blockchain and created by the American financial holding company JPMorgan, Financial Times writes. The launch of the project was announced at the end of last year. Then the partners of the project were two banks - the Australian ANZ and the Canadian Royal Bank of Canada. JPMorgan is working on making the blockchain system the main technology in the traditional financial system. Interbank information network is a single network for cross-border payments, creating competition for the outdated SWIFT system. Thanks to IIN, the information necessary to conduct payment between banks is added and adjusted quickly and easily.
Central banks may need to increase quantitative easing programs according to an analysis from JPMorgan Chase & Co. The investment firm’s report resonates with the conclusion by Goldman Sachs Group strategists of limiting bond yields. ...
In an internal memo seen by Reuters, American multinational investment bank, JPMorgan Chase & Co (JPM), informed its employees on Tuesday that it is creating a plan to gradually return to on-site work. Discussions about the reopening ...
The highest U.S. retail banks will make some adjustments on Thursday to supply aid to its customers with negative balances on their checking accounts. These banks want to make sure that stimulus payments from the government will be received ...
JPMorgan Chase & Co (JPM.N) will modify its customer complaint system on Tuesday and process how employees choose eligible clients for particular banking services. There were racial discrimination claims in the bank against black customers ...
Asian shares underperformed on Monday and oil prices sunk further as pessimism emerged that the worldwide shutdown and restrictions could last longer, impacting the global economy despite central banks’ necessary measures. Japan’s ...
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