Tag: JP Morgan

Puerto Rico protest (Spencer Platt / Getty)

Puerto Rico Bankruptcy Puts Pressure on California, Illinois, Connecticut

Puerto Rico’s world-record $116 billion bankruptcy filing represents a massive liability risk for auditors who will likely demand that highly-indebted states — such as Connecticut, Illinois and California — disclose more liabilities, write down assets, and curtail debt issues.

Remain Campaign

Banking Elite Hand £1.5 Million to Referendum Remain Campaign

Major US banks have bankrolled the campaign to keep Britain within the European Union to the tune of £1.5 million, prompting critics to label the referendum a “David vs Goliath” battle. Yet the gesture may be futile – polls show that

Stock market crash (Richard Drew / Associated Press)

Silicon Valley Tech Stocks: Worst Start in History

Silicon Valley tech stocks that have led world stock markets up since the March 2009 bottom of Great Financial Crisis led markets down on January 15, with the Dow Jones Industrial Average tanking 537 points before recovering to a still