JPMorgan Chase & Co News - August 2026
JPMorgan Ex-Exec Staley Shared Market Secrets With Epstein, Citing Authority
Jes Staley, former JPMorgan Chase executive and Barclays CEO, admitted to sharing confidential market-sensitive information with Jeffrey Epstein. Staley...
Major Banks Pivot to Stablecoins, Pressuring Circle and Fintech Rivals
Major U.S. banks are shifting from opposing stablecoins to considering their own dollar-pegged digital currencies. JPMorgan Chase recently evaluated a...
Wall Street offloads AI data center debt, hitting $7 trillion exposure limits
The U.S. AI data center buildout requires an estimated $7 trillion in capital by 2030. Eleven Wall Street banks are currently nearing internal exposure limits...
Thomas Russo's Gardner Russo & Quinn Slashes JPMorgan Chase (JPM) Stake by 83%
In a significant portfolio shift, Thomas Russo's firm, Gardner Russo & Quinn, drastically reduced its holdings in JPMorgan Chase (JPM) by 83.39%. According to...
Situational Awareness implodes, losing $35 billion on leveraged AI stock bets
AI-focused hedge fund Situational Awareness imploded in July. Assets plummeted from a peak of $45 billion to roughly $10 billion. Former OpenAI researcher...
JPMorgan Faces Federal Scrutiny, Allegedly Denied $100 Million in Fraud Claims
Federal prosecutors and Treasury Department officials are reviewing whistleblower allegations against JPMorgan Chase. A former executive claims the bank...