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Search resuls for: "John Pierpont Morgan"


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Cashin was one of the great historians of the stock market, but he was not an academic. Tiffany, Cashin said, knew that J.P. Morgan loved diamond stickpins, which he used to put in his tie. For Cashin, that Merrill Lynch manager was the perfect stock market Sherlock Holmes: Don't just consider what you hear. How do you tell a story about the stock market? Let's get back to the story about J.P. Morgan, Tiffany and price discovery.
Persons: Cashin, Jack, Here's, Charles Lewis Tiffany, John Pierpont Morgan, Tiffany, J.P, Morgan, you've, Cashin Adam Jeffery, John F, Kennedy, Tommy McKinnon, Merrill Lynch, Tommy, Sherlock Holmes, Let's Organizations: NYSE, CNBC, UBS, New York Stock Exchange, Cuban Missile, Parkland Hospital, didn't, Merrill Lynch Dallas, Dow Jones Locations: Dallas, Parkland, Wall Street, U.S
Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.
Sam Bankman-Fried has found sympathy from Bahamians after his crypto empire imploded, according to a New York Times report. One reason Bahamians may express sympathy towards SBF is because of local laws that make it difficult for them to invest in crypto. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. His presence in the Bahamas attracted well-to-do investors to the island via crypto conferences. That's because local rules make it difficult for Bahamians to buy cryptocurrencies, as there are various hurdles they need to navigate.
Sam Bankman-Fried's Alameda plans to give crypto worth $200 million to Voyager to pay off a loan. The loan was worth $377 million before the crypto slump, which helped push lender Voyager into bankruptcy. Alameda agreed to make the payment in bitcoin, ether and seven smaller cryptos by the end of September. For its part, Voyager will return the tokens Alameda pledged as collateral against the loans, including 4.65 million FTT and 63.75 million SRM tokens. In July, the crypto billionaire offered Voyager $250 million in credit, but the crypto lender turned it down.
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