JPMorgan Slapped With $3,250,000 Fine Over Leveraged Trading Strategy That Caused Massive Investor Losses
[ad_1] JPMorgan Securities (JPMS), the banking giant’s brokerage unit, is getting hit with a multimillion-dollar fine over allegations that it turned a blind eye to an ex-broker’s high-risk trading approach. In a Letter of Acceptance, Waiver and Consent, the Financial Industry Regulatory Authority (FINRA) accuses JPMS of failing to reasonably supervise a former broker who […]
Meta kills its VR metaverse after $84 billion in losses – Hypergrid Business
[ad_1] Update Mar. 19: Meta CTO Andrew Bosworth said on an Instagram AMA that Meta has reversed its decision. The link to the Instagram post is dead, but he also posted an update on Threads, which is still up. “We’ve decided to retain existing Horizon Worlds in VR for the foreseeable future,” he wrote. “I […]
US Banks Report $306,100,000 in Unrealized Losses As Number of Lenders in ‘Problem Banks List’ Jumps
[ad_1] The amount of unrealized losses on American banks’ balance sheets remains “elevated,” according to the Federal Deposit Insurance Corporation. In its new Quarterly Banking Profile for the fourth quarter of 2025, the FDIC says US banks reported $306.1 billion in unrealized losses on securities. Unrealized losses are the difference between the price banks paid […]