Firmwide Control Programs

JPMorgan hiring Bank of America's David Fishman as head of technology M&A, memo says. By Thomson Reuters Aug 21, 2026 | 11:25 AM By Milana Vinn NEW YORK, Aug 21 (Reuters) - JPMorgan Chase is hiring veteran dealmaker David Fishman from Bank of America as part of a newly formed investment banking group to focus on key clients in the technology sector, according to a memo seen by Reuters. Fishman will join JPMorgan later this year as head of North America technology mergers and acquisitions, according to the memo from co-heads of technology investment banking Chris Grose and Greg Mendelson, as well as Global Head of M&A Charlie Bouckaert. JPMorgan is elevating Vineet Seth, the head of technology M&A in North America, to vice chair of investment banking, and both Fishman and Seth will also serve on the bank's Technology M&A Leadership and Advisory Council. The grouping is being formed to support the bank's most important technology clients, the memo added, without elaborating. A JPMorgan spokesperson confirmed the memo's contents. Bank of America declined to comment. Fishman was at Bank of America for almost 16 years, according to his LinkedIn profile. He most recently served as co-head of technology, media and telecommunications (TMT) investment banking, but resigned from the bank earlier this week, according to sources familiar with the matter. The move is the latest in a series of recent departures of senior investment bankers from Bank of America. Reuters and others reported this month that Mike Joo, co-head of investment banking, and Amy Lissauer, head of activism and raid defense, would leave Bank of America. Barclays said this week it had hired Joo and he would start as co-chief executive of its investment bank in early 2027. Lissauer, considered among the top bankers for defending companies against shareholder agitation, is joining JPMorgan later this year. Bank of America's technology practice has also had several exits. Ed Liu was named this month as global head of TMT investment banking at Deutsche Bank. He will join the German bank in November. Reuters also reported on August 4 that Citigroup hired Rohan Sen from Bank of America to lead its coverage of the technology services sector. Bank of America has hired over 40 managing directors this year, including Jason Rowe from Goldman Sachs, who became co-head of technology investment banking, and Gary Kirkham, who was a senior partner and head of technology at boutique bank Centerview Partners before rejoining Bank of America. (Reporting by Milana Vinn in New York; Editing by David French and Rod Nickel)

CryptoPotato 20 hours ago 132 HSBC and Standard Chartered executed the first live tokenized deposit transaction on SWIFT's blockchain-based ledger, the two banks said on August 19, six weeks after the network opened to an initial cohort of 17 banks. Payment messages moved between HSBC's Tokenized Deposit Service (TDS) and Standard Chartered's own tokenized deposit infrastructure, with the resulting obligations recorded on both banks' systems. SWIFT's ledger worked as an orchestration layer, matching and netting the obligations between the two institutions before final settlement ran through existing payment rails. "HSBC's interoperability transaction with Standard Chartered via SWIFT is a landmark moment for the promise of tokenised deposits," said Lewis Sun, Head of Digital Currencies at HSBC. Mark Willis, Head of Emerging Payments, Transaction Services and Digital Assets at Standard Chartered, noted that "tokenized deposits are a key pillar of Standard Chartered's digital assets strategy, which aims to build end-to-end solutions." Ledger runs on Hyperledger Besu. SWIFT says the ledger MVP is built on open-source foundations, using an Ethereum Virtual Machine-compatible architecture based on Hyperledger Besu, and that it is designed to integrate with the broader digital asset ecosystem. SWIFT operates the ledger itself, handling orchestration of transaction workflows, validation of funding commitments, and coordination of interbank processes. Consensys built the conceptual prototype when Swift announced the project in September 2025. Seventeen banks from six continents are preparing to pilot live transactions, among them ANZ, BNP Paribas, BNY, Citi, DBS, MUFG, UBS, and Wells Fargo. CryptoPotato covered that SWIFT has experimented before with moving tokenized value across public and private blockchains. HSBC has put bank money on a ledger before, joining a S$400 million digital bond issuance with SGX and Temasek that cut primary settlement from five days to two. "With our new ledger capability, we're extending the trust and stability of established finance into the frontiers of digital money," said Thierry Chilosi, Chief Business Officer at Swift. Rival network targets 2027. American banks are building a competing rail. The Clearing House is developing a tokenized deposit network called The Bridge with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, targeted at the first half of 2027 and open to all US banks. Bank of America's Mark Monaco said clients are not "beating down the door" for tokenized deposits yet. SWIFT moves the equivalent of world GDP every two to three days across more than 200 markets. The cooperative says 75% of payments on its network reach beneficiary banks within 10 minutes. The post HSBC and Standard Chartered run first live Tokenized Deposit transfer on SWIFT's blockchain ledger appeared first on cryptopotato. BitRss shares this Content always with License. Screenshot generated in real time with SneakPeek Suite * homepage * analysis * HSBC and Standard Chartered run first live Tokenized Deposit transfer on SWIFT's blockchain ledger.

JPMorgan Chase shares fell approximately 1% to $353.71 on Thursday as Treasury yields surged despite an expanded bond-buyback programme from the Treasury Department. The 10-year yield rebounded towards 4.69%, whilst the 30-year pushed through 5.22%. The bank's second-quarter results showed strong performance, with markets revenue up 35%, investment-banking fees rising 30%, and equity-markets revenue jumping 86%. The bank generated $16.9 billion in quarterly profit excluding significant items. However, shares are trading 12.82% above their $313.51 estimated value. With the bank approaching a $1 trillion valuation and near record highs, analysts suggest the stock offers little room for disappointment amid rising bond yields.