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The funding comes as JPMorgan Chief Executive Officer Jamie Dimon, 62, has turned more of his attention to public policy and economic issues as chairman of the Business Roundtable. “Businesses can and must step up to help change the status quo by creating a better future for all, no matter where they live,” Dimon said in a statement. “It is in our best interest and the right thing to do.”. JPMorgan, the biggest bank in the U.S. by assets, reported net income in 2017 of $24.4 billion.
The new program will make “large-scale investments” in targeted cities where the bank believes “conditions are right for success and broader, deeper investments are needed to drive inclusive growth,” the bank said, By the end of the year, the bank plans to retro new orleans saints helmet cufflinks name a “global city” for its first targeted urban investment outside of the United States, JPMorgan wants to do more business abroad and already spends some of its corporate social responsibility funds outside of the United States..
In the new program, the bank is also challenging cities to submit bids for financing that would “seed innovative solutions that help drive inclusive growth.” Previously, the bank did not have a formal process to evaluate requests from cities for money. The bank looks for evidence of collaboration between public and private interests on renewal schemes in cities it supports. Based on experience in other cities, the bank said it expects its $500 million will be matched by $1 billion of outside capital.
NEW YORK (Reuters) - U.S, securities law can be used to prosecute fraud cases over cryptocurrency retro new orleans saints helmet cufflinks offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue, The ruling from U.S, District Judge Raymond Dearie in Brooklyn allows federal prosecutors to pursue their case against Maksim Zaslavskiy, The Brooklyn resident was arrested in November on charges that he defrauded investors in two cryptocurrencies, violating the federal Securities Exchange Act..
Lawyers for Zaslavskiy did not immediately respond to requests for comment. A spokesman for the office of U.S. Attorney Richard Donoghue, which is prosecuting the case, declined to comment. Cryptocurrencies, like the well-known Bitcoin, are digital assets that may be treated as currency by their users, though they are not legal tender. So-called “initial coin offerings” soliciting investments in new cryptocurrencies have raised billions of dollars in recent years. Prosecutors have said that Zaslavskiy last year raised at least $300,000 from investors in a cryptocurrency called REcoin, which he claimed was backed by real estate, and another cryptocurrency called Diamond, which he said was backed by diamonds.
In fact, prosecutors said, no real estate or diamonds backed the virtual currencies, In March, Zaslavskiy’s lawyers asked Dearie to dismiss the charges, arguing that REcoin and Diamond were currencies, not securities, and therefore not covered by the Securities Exchange Act, Dearie retro new orleans saints helmet cufflinks rejected that argument, writing on Tuesday that the federal securities law must be interpreted “flexibly.” The judge noted that the U.S, Securities and Exchange Commission, which brings civil securities fraud actions, has said that it considers some cryptocurrencies to be securities..
(In this Sept. 11 story corrects paragraph 2 to provide internet security services instead of provide internet). MEXICO CITY (Reuters) - Billionaire Carlos Slim’s America Movil and Mexico’s state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid. A rival group, including a unit of Mexican broadcaster Grupo Televisa (TLVACPO.MX), won a contract in June for nearly $36 million to provide internet security services to the oil company known as Pemex PEMX.UL.
America Movil (AMXL.MX) had presented a cheaper offer of roughly $24.5 million, a company spokesman said, and went on to file complaints against Pemex, A Pemex spokesman said on Monday that the company expects to respond in several days but has not set an exact date, America Movil, Mexico’s largest internet carrier, and Televisa, the country’s biggest broadcaster, have clashed repeatedly in the Mexican market, An America Movil spokesman said Scitum, a subsidiary of the company’s Telmex unit, began filing complaints in June to Pemex’s internal auditors and audit committee, The company also filed a legal challenge asking retro new orleans saints helmet cufflinks that the contract award be suspended while the case is open..
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