Prime brokers like JPMorgan Chase and Bank of America are facing pressure to raise cash amid market volatility, while tech stocks like Adobe face short selling.
1 report, 1 independent
Updated Aug 1
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What happened
Prime brokers like JPMorgan Chase and Bank of America are facing pressure to raise cash amid market volatility, while tech stocks like Adobe face short selling.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Citadel acquires assets from Goldman Sachs brokers amid market volatility, with both firms acting as prime brokers.Sub-event
Financial institutions are under pressure as they juggle high-risk AI and chip investments.1 source
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The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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Bank of America
American multinational banking and financial services corporation
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Goldman Sachs
American investment bank
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Adobe
American multinational computer software company
Related events
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- BlackRock, Goldman Sachs, and Bank of America executives appeared on CNBC on October 13, 2026, for earnings and market commentary.
- A market strategist discussed on CNBC how AI investment spending is driving market growth, noting key players like Microsoft, Nvidia, and Broadcom.
- Samsung and SK Hynix are upgrading Chinese memory facilities for AI, while Bank of America expects increased shareholder returns.
- CoreWeave and Goldman Sachs are identified as major players in the financial and tech sectors.