JPMorgan Chase & Co.

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JPM

Collapse of Bank Shares around the World after the Bankruptcy of American SVB and Signature Bank

Bank shares around the world collapsed despite assurances from US President Joe Biden that the US financial system is safe, the BBC reported.

The decline in the stock's value comes after Biden vowed to do whatever it takes to protect the banking sector following the collapse of Silicon Valley Bank and Signature Bank.

JPMorgan loses conviction in Greek bonds as endgame approaches

By Max Julius

The risk of Greece missing a debt payment is driving away even some of the most faithful advocates of its debt.

JPMorgan Chase & Co. was for most of this year a champion of Greece?s long-dated government bonds, even as a flare-up in the country?s debt crisis once again raised the prospect of default and euro exit.