Jamie Dimon, the CEO of banking giant JP Morgan, is warning shareholders of the potential for a massive exodus from stocks driven by supposedly “passive” index fund investors. Index funds own the entire stock market rather than selecting specific stocks. The slow and steady rise in stock market valuations has led many investors to choose […]
Bank Of America, a massive financial entity by any measure, is warning that cryptocurrencies could potentially undermine its entire business. In a 13,000-word regulatory filing, the United States’ third-largest bank by assets mentioned cryptocurrencies three times in the documents “risk factors” section. This is the part of a corporate filing where a company has to […]
