Elevator September 30, 2020 – Elevator

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António Costa

The Prime Minister announced that Portugal will not resort to loans from the EU recovery fund until it improves its financial situation. The decision is obviously acceptable and has an additional political advantage, that of curbing the mood of the parties on the left, which on the eve of the Budget invariably call for measures that require more budget expenditure.

Jamie Dimon

Jamie Dimon

Bad news for JPMorgan Chase & Co and an ax to its reputation. The bank led by Jamie Dimon will have to pay a fine of more than $ 920 million due to the charge of “spoofing”, a practice of manipulating asset prices in the market. The regulator concluded that six bank employees manipulated gold and silver prices for more than eight years. The fine is exemplary and deserved.



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