Russia To Seize $440 Million From JPMorgan [zero hedge]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: zero hedge
Russia To Seize $440 Million From JPMorgan Seizing assets? Two can play at that game... Just days after Washington voted to authorize the REPO Act - paving the way for the Biden administration confiscate billions in Russian sovereign assets which sit in US banks - it appears Moscow has a plan of its own (let's call it the REVERSE REPO Act) as a Russian court has ordered the seizure of $440 million from JPMorgan . The seizure order follows from Kremlin-run lender VTB launching legal action against the largest US bank to recoup money stuck under Washington’s sanctions regime . As The FT reports, the order, published in the Russian court register on Wednesday, targets funds in JPMorgan’s accounts and shares in its Russian subsidiaries, according to the ruling issued by the arbitration court in St Petersburg. The assets had been frozen by authorities in the wake of the western sanctions , and highlights some of the fallout western companies are feeling from the punitive measures against M
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News
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- The 100 Best & Brightest MBAs: Class Of 2024 [Yahoo! Finance]Yahoo! Finance
- Fed-Obsessed Traders Need the Economy to Get Its Story Straight [BNN Bloomberg (Canada)]BNN Bloomberg
- JPMorgan Chase Investor Day 2024Business Wire
JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 5/3/24 - Form FWP
- 5/3/24 - Form FWP
- 5/3/24 - Form 424B2
- JPM's page on the SEC website