JP Morgan launches digital retail bank, Chase takes over British rivals

Highlights

• JP Morgan launching its long-awaited digital retail bank, Chase
• This venture will expand in other continents and later on globally

JP Morgan is challenging its British rival. The U.S lender is hoping for global expansion.

Th...

EMPLOYEES OF JP MORGAN LOOK FORWARD TO CRYPTO ASSETS BEING A PART OF THE BANK’S PORTFOLIO

Highlights:

• The cryptocurrency domain, especially Bitcoin is increasingly becoming sought after
• JP Morgan employees look forward to the inclusion of bitcoin as an asset  

When Tesla declared that the company has invested $1.5 billion in bitcoin,...

SSANGYONG MOTOR CO. FILED FOR COURT RECEIVERSHIP; UNDER OVERDUE DEBTS

Highlights –

• SsangYong Motor Co. filed for court receivership; under overdue debts.
• SsangYong Motor Co. has overdue debts of 100 billion won from financial institutions.
• KDB and other creditors of SsangYong Motor did not approve the r...

MAJOR FOREIGN IB’S RECALIBRATE GROWTH PROSPECTS IN KOREAN ECONOMY TURNAROUND

• Major foreign investment banks (IBs) have recalibrated their forecasts for South Korea's economic growth for 2020 on rising expectations for an economic turnaround, a report showed Friday.
• Until late October, nine principal global IBs, including Barclays and Goldman Sachs, ...