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Crispin Odey Fired From His Own Hedge Fund After Sexual Assault Allegations Just two days after the Financial Times published a lengthy #MeToo style hit-piece on billionaire hedge fund manager Crispin Odey, the eponymously named Odey Asset Management removed Odey from the firm''s partnership, according to the FT and Bloomberg . “Mr Crispin Odey is leaving the partnership. As from today, he will no longer have any economic or personal involvement in the partnership,” Peter Martin, chief executive, and Michael Ede, chief financial and operating officer, wrote in a statement seen by the FT on Saturday. They added that Odey Asset Management Group Limited, a holding company that is part of the group and majority owned by Odey, would also be removed as a member and that the partnership would now be owned and controlled by remaining partners. Odey Asset Management - which we assume will now be renamed - also confirmed it “has been investigating allegations concerning Mr Odey” but said it could not comment in detail for confidentiality reasons.

SINGAPORE: Standard Chartered has begun laying off employees across Singapore, London, and Hong Kong as part of an ongoing cost-cutting initiative, according to a report by Bloomberg News. The report, published on Wednesday (7 June) states that the major bank aims to reduce costs by more than US$1 billion through 2024, with an initial target of US$1.3 billion. While a final number has yet to be determined, the total job reductions could exceed 100, according to sources familiar with the matter who spoke to Bloomberg. The bank has apparently already started trimming roles in middle-office functions, including human resources and digital transformation, primarily in Asia over the past few weeks. In addition to these cuts, several managing directors in financial markets have been laid off in London, according to an unnamed source. A spokesperson for the bank, however, has emphasized that the ongoing review of role requirements is a normal part of business activities. Standard Chartered’s cost-cutting measures are in line with similar actions taken by other banking conglomerates.

JPMorgan Chase & Co. increased its stake in HSBC Holdings plc (NYSE:HSBC – Get Rating) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,542,879 shares of the financial services provider’s stock after purchasing an additional 444,172 shares during the quarter. JPMorgan Chase […]

NASHVILLE, Tenn., June 09, 2023 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP ) (the "Company") today announced the closing of its previously announced upsized underwritten registered public offering of 4,427,500 shares of its common stock, par value $0.01 per share, at a price to the public of $93.25 per share (the "Offering"). The shares sold in the Offering included 577,500 shares sold following the June 7, 2023 exercise in full of the underwriters'' option to purchase additional shares of common stock, which were delivered at the time of the closing of the Offering. As a result, the Company received aggregate net proceeds from the sale of the common stock of approximately $396 million, after deducting underwriting discounts and commissions and other estimated expenses of the Offering payable by the Company. BofA Securities, J.P. Morgan, BTIG, Deutsche Bank Securities, Wells Fargo Securities and Morgan Stanley acted as joint book-running managers for the Offering.

New York residents will see Bank of America, Capital One, Citizens Bank, Community Bank, JPMorgan Chase, KeyBank, Santander Bank and Wells Fargo shut their doors.

JPMorgan has shaken things up in the airline sector by suggesting that big-name carriers like American Airlines (AAL), Delta Airlines (DAL), and Un…

The post JPMorgan Ordered to Pay Charlie Javice’s Legal Fees in Frank Fraud Case appeared on BitcoinEthereumNews.com . (Bloomberg) — JPMorgan Chase & Co. must pay Frank founder Charlie Javice’s defense costs in its suit accusing her of defrauding the bank in its $175 million acquisition of her…

JPMorgan sued Javice and Olivier Amar, another Frank executive, for fraud in Delaware federal court in December, claiming they falsified records to show the site had more than four million customers when it actually had less than a tenth that number.

JPMorgan Chase & Co. must pay Frank founder Charlie Javice’s defense costs in its suit accusing her of defrauding in its $175 million acquisition of her college-loan-planning site.

(Bloomberg) -- JPMorgan Chase & Co. must pay Frank founder Charlie Javice’s defense costs in its suit accusing her of defrauding the bank in its $175 million acquisition of her college-loan-planning site.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollSingapore’s Soaring Ren

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Jamie Dimon’s son-in-law may not get off as easily as he hoped in an arbitration case filed against him and the giant buyout firm Apollo Global Management over claims they bilked an oil executive out of $21 million, The Post has learned. Joey Romeo, who married the JPMorgan boss’s daughter Julia Dimon in 2011, is…

https://www.investing.com/news/stock-market-news/jpmorgan-awaits-confidence-in-netflix-subscriber-growth-432SI-2868163

… Read more JP Morgan Came Into Today Up 0.63% The post JP Morgan Came Into Today Up 0.63% appeared first on CFDTrading .

The July employment report was a good sign for risk assets and investors should look to commodities that have lagged in the risk recovery.