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The Latest Breaking News from JP Morgan

JP Morgan puts more money aside for defaults amid cost of living crisis

Wall Street bank’s profits rise 40% to $13.3bn as interest rates charged to borrowers increase

The Guardian - UK

Nutmeg entrepreneur Nick Hungerford dies of bone cancer aged 43

Hungerford founded the charity Elizabeth’s Smile for children who lose a parent to terminal illness after his diagnosis

The Guardian - UK

Jeffrey Epstein 'planned to hire Prince Andrew to be an adviser for new consultancy'

Emails sent between paedophile Jeffrey Epstein and his private banker claimed to show they discussed hiring Prince Andrew as a "star advisor" for a new consultancy firm

Daily Mirror

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Bank of England may have to hike interest rates to 7% to curb inflation, economists warn

Fears heighten for UK economy and household budgets as expert says ‘hard landing increasingly likely’

The Independent UK

Wall Street buys into Bidenomics, with the top economists at Goldman and other banks saying we could really dodge a recession

The White House is taking a victory lap, and economists at Goldman Sachs and JPMorgan are offering rosier economic forecasts.

Fortune

Stubborn UK inflation may lead to 7% interest rates, economists warn

JP Morgan says risk of ‘hard landing’ for economy heightened, with higher borrowing costs hitting business

The Guardian - UK

Banks warned over financing of Rosebank's developer

A decision on the potential approval of the controversial oil field off Shetland is expected imminently

Insider UK

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Bank report details Peter Mandelson’s apparent contact with Jeffrey Epstein

JP Morgan report from 2019 found Epstein seemed to keep ‘particularly close relationship’ with Labour peer

The Guardian - UK

J.P. Morgan opens first Manchester office in city centre landmark

J.P Morgan also has UK offices in London, Bournemouth, Glasgow and Edinburgh

Birmingham Post

The basic iPhone 14 is selling well after all

Investment firm JP Morgan says that the basic iPhone 14 is now the best-selling model in the US, though the Plus continues to struggle.

Tom’s Guide

Epstein survivors secure a $290 million settlement with JPMorgan Chase

JPMorgan agreed to the settlement on the same day a federal judge granted class-action status to the lawsuit, saying the number of plaintiffs involved could be "well over 100 people."

WEKU

Market rally remind JP Morgan’s Bob Michele of the calm before Lehman collapse

The current market rally is reminiscent of the immediate relief following JP Morgan's purchase of Bear Stearns in March 2008, six months before Lehman collapsed.

Fortune

Financial watchdog investigating Crispin Odey after sexual assault allegations

Morgan Stanley also cuts ties with Tory donor’s hedge fund over report of alleged incidents, which he denies

The Guardian - UK

Epstein survivors write blistering letters to JPMorgan executives demanding they admit what they know

‘Does anybody at JPMorgan have a conscience?’ Courtney Wild asked in a personal letter to a senior bank executive

The Independent UK

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Fortune

It’s official: Jamie Dimon isn’t running for president

Despite please to enter the political fray, it looks as if America's top banker will sit out the 2024 Presidential race.

The Guardian - US

JP Morgan CEO Jamie Dimon claims he had never heard of Epstein before arrest

Testimony counters claims that the bank ignored signs of malfeasance, including Epstein’s large monthly cash withdrawals

The Guardian - US

Barclays CEO Jes Staley contradicts JP Morgan chief’s claim they never discussed Epstein

Staley says that he communicated with Jamie Dimon about the convicted sex offender, in a lawsuit against the US banking giant

Fortune

How Citizens Financial Group survived

Citizens’ Financial Group’s CEO weighs in on how the regional bank is braving the banking crisis and beyond.

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The Guardian - US

JP Morgan claims US Virgin Islands ‘complicit’ in Jeffrey Epstein crimes

Counter lawsuit comes after territory alleged bank ‘facilitated’ exploitation of women and girls by sex offender

The Guardian - US

Jeffrey Epstein allegedly tried to extort Bill Gates over extramarital affair

Convicted sexual offender reportedly threatened to expose Gates’s relationship with Russian bridge player Mila Antonova

Tribune News Service

Manhattan DA pulled into suit against JPMorgan over Epstein ties; Deutsche Bank settles for $75 million with billionaire pedophile’s victims

NEW YORK — The Manhattan district attorney has been dragged into litigation that’s ramping up against JPMorgan Chase, brought by abuse victims of disgraced billionaire pedophile Jeffrey Epstein.

The Guardian - UK

Deutsche Bank agrees to pay $75m to settle Jeffrey Epstein lawsuit

Group of women accused lender of helping facilitate US financier’s sex trafficking operations

Fortune

Elon Musk blasts Jeffrey Epstein subpoena as ‘idiotic’

The Tesla CEO has refuted he is in possession of any evidence relevant to a lawsuit filed against J.P. Morgan in connection with the deceased money manager.

The New Daily

Musk subpoenaed in Jeffrey Epstein litigation

Telsa CEO Elon Musk has been subpoenaed in an investigation into JP Morgan Chase's involvement in Jeffrey Epstein's activities.

The Independent UK

Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit

The Virgin Islands says it has been trying to issue a subpoena to the Tesla CEO since April

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