JPMorgan Chase's (JPM) private equity arm said Tuesday it has raised $1.44B for its 12th flagship fund, surpassing its $1.25B goal.

JPMorgan Chase — whose CEO Jamie Dimon once dismissed bitcoin as a “fraud” and likened cryptocurrencies to a “Ponzi scheme” — is diving further into crypto with a money-market fund that’s based on blockchain.

The firm has committed nearly 22% of the new pool across core strategies backing fund managers and co-investments.

The largest bank in the U.S. made news when it announced its spending plans for next year.

JPM Analysis: JPMorgan shares hit new highs on Monday before pulling back slightly. The stock is currently showing a strong technical setup, trading 4.2% above its 20-day SMA, 4.4% above its 50-day SMA, and 14% above its 200-day SMA, indicating strong upward momentum.

Jamie Dimon advises workers to develop a few key capabilities to get ahead.

Berkshire's senior vice president and chief financial officer, Marc Hamburg, will retire from Berkshire on June 1, 2027, after 40 years of service. Charles Chang, the current CFO of Berkshire Hathaway Energy, will replace Hamburg upon retirement.

A top JPMorgan Chase & Co. banker urged the European Union to follow the UK in scrapping a cap on bankers’ bonuses, saying the bloc risks falling behind other regions in the global race to roll back regulations.