#Ex-JPMorgan metals traders face trial on racketeering charges

#Ex-JPMorgan metals traders face trial on racketeering charges

“Ex-JPMorgan metals traders face trial on racketeering charges” Three former JPMorgan Chase employees face a federal trial in Chicago on Friday on accusations they helped turn their trading desk into a criminal enterprise that faked precious metals futures orders to manipulate prices. The bank’s former global precious metals desk head Michael Nowak, precious metals trader Gregg Smith and salesperson Jeffrey Ruffo are charged with racketeering and conspiracy…

Read More
#CEO pay jumps more than 15% as post-pandemic bonuses surge

#CEO pay jumps more than 15% as post-pandemic bonuses surge

“CEO pay jumps more than 15% as post-pandemic bonuses surge” Compensation for chief executives jumped 15.7% last year — driven mainly by huge bonus payouts as corporations recovered from the pandemic, according to a new study. The survey from advisory firm Willis Towers Watson found CEO salaries increased 2% in 2021, but bonuses were on…

Read More
#JPM’s chief economist, others disagree with Dimon’s ‘hurricane’ warning

#JPM’s chief economist, others disagree with Dimon’s ‘hurricane’ warning

“JPM’s chief economist, others disagree with Dimon’s ‘hurricane’ warning” JPMorgan Chase boss Jamie Dimon’s view of a looming “hurricane” for the US economy has some notable dissenters, including his bank’s own chief economist Bruce Kasman, who sees clearer skies. Kasman said Monday that there is “no real reason to be worried about a recession,” arguing…

Read More
# Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

# Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

” Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more “ The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption. Singapore’s central bank partnered…

Read More