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0.00046958155066265 0.00046958155066265 0.000678284462068222 0.000730460189919726 0.000156527183554217 0.000678284462068222 0.000678284462068222 0.00046958155066265
Stock impact report

Reuters: Russian court cancels confiscation of some JPMorgan assets in dispute with Russian bank [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
JPMorgan has faced several legal challenges with VTB largely as a result of U.S. and European economic sanctions on Russia and its financial institutions following the outbreak of the full-scale invasion. VTB sued JPMorgan in a Russian court to force the American lender to recover $439.5 million of its assets in JPMorgan that was blocked following the implementation of U.S. sanctions. JPMorgan then launched a lawsuit in a U.S. court in late April to prevent VTB from recovering $439.5 million. It argued that American law prohibited the lender from releasing the money, and VTB would try to seize its assets abroad if it prevailed in the Russia lawsuit. The Russian court initially ordered the seizure of all blocked funds in JPMorgan accounts. However, this week, the court reversed this decision and ruled that only some of the JPMorgan assets would be seized. The funds that cannot be seized include "type C accounts," which cannot be transferred out of Russia, and current accounts us Show less Read more
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