Tag Archives: JP Morgan

Cryptocurrency Is Dead

Yeah, no. The Wall Street Journal reports that Goldman Sachs has killed its planned cryptocurrency trading desk. Why? No one cares about cryptocurrency any more. The bubble has burst. (If you believe it). https://www.wsj.com/articles/goldman-tables-crypto-desk-1536183581

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Banks Ban Use of Credit Cards To Buy Bitcoin

The money center banks, CitiGroup, Capital One,Bank of American and JP Morgan have now banned the use of their credit cards to buy Bitcoin. This is in reaction to many consumers who are leveraging their purchases using credit card debt. … Continue reading

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The Initial Troll Offering

There is now a crowdfunded Initial Coin Offering  to respond to the open letter published in the Wall Street Journal by Interactive Brokers. If you recall, the IB letter claimed that Bitcoin valuation had no relation to reality. Now, the … Continue reading

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“Bad Actor” Waivers Getting Harder to Get

After giving an investment adviser that failed to get clients’ consents for 21,000 trades a “bad boy” waiver, the Securities and Exchange Commission is now considering punishing JP Morgan. The Wall Street Journal reports that the Commission is thinking about … Continue reading

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Who Needs Banks – Part II

The Wall Street Journal notes that disintermediation is rampant as the banks have continued to ignore community lending giving up this market to online lenders. When celebrity chefs with a history of earnings cannot get a loan to expand, something … Continue reading

Posted in Banking, Banks, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment