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The Friday Express: JPMorgan may spin off Quorum; BOLC seeks to buy Alabama bank

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According to Market Intelligence, February 2023

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The Friday Express: JPMorgan may spin off Quorum; BOLC seeks to buy Alabama bank

* The U.S. Senate approved the $1.3 trillion bipartisan spending bill that would fund the government through Sept. 30. The House had earlier approved the bill and President Donald Trump indicated that he will sign it.

* The Consumer Financial Protection Bureau issued a request for information, seeking comments from interested parties regarding its inherited regulations and inherited rulemaking authorities.

* JPMorgan Chase may spin off its customized blockchain platform, Quorum, within the year because it might boost external adoption, sources told the Financial Times.

* Goldman Sachs CEO Lloyd Blankfein called speculations of his possible retirement this year as "more of a wishful thought than anything," Reuters reports. However, Blankfein confessed it would be difficult to decide when he will leave the company.

* Holding company BOLC Corp. of Tennessee is seeking to merge with North Alabama Bancshares and indirectly acquire North Alabama Bank.

* Shorcan Digital Currency Network and value network Paycase Financial are planning to launch a cryptocurrency brokerage service focused on bitcoin and ether.

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