Tuesday, December 12, 2017

© Reuters.  Fire Marianne Lake? JPMorgan CFO © Reuters. Fire Marianne Lake? JPMorgan CFO “open” to bitcoin

  • JPMorgan (NYSE:JPM) is “very open minded” to possible uses of cryptocurrencies if “property controlled and regulated,” says CFO Marianne Lake, speaking on the bank’s earnings call.
  • Last month, the bank’s CEO Jamie Dimon made plenty of news calling bitcoin a “fraud” and threatening to fire any employee trading it. Dimon this morning: “I’m not going to talk about bitcoin anymore.”
  • JPM is higher by 0.6% after its earnings beat.
  • Bitcoin is up 8% today to a record $5,200.
  • Related tickers: OTCPK:BTCS, OTCPK:BTSC, OTCQX:GBTC, OTCPK:GAHC, OTC:ARSC, OTCQB:MGTI
  • Now read: Bitcoin: This Is Not 2013

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