JPMorgan Chase

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Bonds to woo big investors

The door is now wide open for the entry of quality and long-term investors, who manage trillions of dollars, into the Greek bonds market: Bloomberg Index Services, a global provider of government bond indices, has become the first to include Greek bonds among the elite of the debt markets, announcing that 17 Greek bonds worth 73 billion euros are to be included in its index series as of January

US Banks want Guaranteed Deposits and more than 250,000 Dollars to avoid a Contagion of Bankruptcies

A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to 250,000 dollars. The aim is to avoid the "phenomenon of contagion" after the bankruptcy of Silicon Valley Bank (SVB), reports "Bloomberg", quoted by AFP and BTA.

Wall Street giants move to rescue First Republic Bank

America's largest banks moved on March 16 to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.

AtScale Opens an Office in Sofia

AtScale, the world leader in large data management, opened an office in Sofia. This is the first destination in which the California company moves internationally. The company aims to "bring order in the chaotic ocean of data" that businesses are working on. Customers on its platform for business intelligence are giants such as JPMorgan Chase, Toyota, Wells Fargo, GlaxoSmithKline.