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The Latest Breaking News from JP Morgan

JP Morgan execs reportedly maintained contact with Epstein after dropping him as client

Bank’s links to sex offender financier deeper than previously known, as it faces lawsuit brought by US Virgin Islands

The Guardian - US

Barclays ‘should face questions over former chief and Epstein’

Investor advisory firm highlights bank’s support for Jes Staley in 2020-21 despite investigation over his connections with disgraced financier

The Guardian - UK

Big banks will take crypto mainstream—if they ever show up

Every year, the crypto industry predicts that big banks will enter the market—but, years later, everyone is still waiting.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

JP Morgan ready for more banking turmoil as profits jump 52%

Chief executive Jamie Dimon upbeat as bank’s earnings benefit from rise in US and global interest rates

The Guardian - UK

JP Morgan Chase executives knew of Jeffrey Epstein sex abuse and obstructed justice, lawsuit claims

Red flags were raised about Jeffrey Epstein’s monthly cash withdrawals of up to $80,000 as far back as 2006, but JP Morgan kept him on as a client for another seven years, a lawsuit alleges.

The Independent UK

Jes Staley’s lawyers hit out at ‘slanderous’ attacks by JP Morgan

Allegations that ex-Barclays boss aided sex trafficking operations run by Jeffrey Epstein labelled ‘baseless but serious’

The Guardian - UK

J.P. Morgan Disclosure

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

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Financial turmoil will be felt for years, says JP Morgan boss

Jamie Dimon says downfalls of Silicon Valley Bank and Credit Suisse have undermined confidence

The Guardian - UK

Jamie Dimon urges policymakers to avoid 'knee-jerk, whack-a-mole' regulations in aftermath of SVB collapse

The J.P. Morgan CEO warned any new ill-advised oversight rules could actually backfire, with unsupervised tech companies like Apple winning out.

Fortune

Google Fiber Brings 8-Gbps Symmetrical Speeds to Mesa, Arizona

Last fall, Google Fiber announced plans to introduce 5- and 8-Gbps symmetrical tiers in five states in early 2023, and it looks like Mesa just went first

Multichannel News

US Virgin Islands subpoenas four top businessmen in Epstein banking inquiry

Sergey Brin, Thomas Pritzker, Mortimer Zuckerman and Michael Ovitz face questions about late sex criminal’s links with JP Morgan

The Guardian - US

Billionaire ‘Bond King’ Jeff Gundlach tells the Fed it must choose between fighting inflation or rescuing banks—it can’t do both

The DoubleLine CEO predicted a recession is just months away.

Fortune

Barclays says Epstein allegations against ex-boss Jes Staley ‘serious and new’

Bank further distanced itself from its former chief executive who resigned in November 2021

The Guardian - UK

SVB was a hedge fund in disguise–and the banking crisis is an overreaction

The data thus far is telling us not to overreact. Yet, markets have already overreacted. That's an opportunity for savvy investors.

Fortune

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news in one place.

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The Guardian - UK

Bank runs, bailouts, rescues: are the ghosts of 2008 rising again?

The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis

The Guardian - UK

Former Barclays boss Jes Staley to face US deposition over Epstein ties

JP Morgan to depose ex-employee as part of lawsuit claiming he hid key information about sex trafficker client

AAP

More economists predicting RBA will pause rate hikes

Westpac, St. George, HSBC, JP Morgan and AMP now expect the Reserve Bank won't raise rates in April - but ANZ and CBA still forecast a rate hike.

The Guardian - US

US banks launch $30bn rescue of First Republic to stem spiraling crisis

Bank of America, Goldman Sachs, JP Morgan agree to prop up troubled bank after its shares tumbled amid wider turmoil

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The Guardian - US

Biggest US banks weigh rescuing First Republic as its shares tumble – report

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

Axios

J.P. Morgan, PNC among suitors for SVB holding company

Talks exclude the stricken commercial bank, sources told Axios.

The Guardian - UK

JP Morgan sues ex-Barclays boss Jes Staley over ties to Jeffrey Epstein

US bank moves against former employee in attempt to make him liable for any penalties from civil lawsuits

The Conversation

ChatGPT: how to prevent it becoming a nightmare for professional writers

Nearly half of white-collar professionals have tried using ChatGPT to help with their work, according to a recent survey of more than 10,000 people at blue chips such as Google, JP Morgan and McKinsey. That’s staggering, considering the AI chatbot was only released to the public in November. It’s potentially…

The Independent UK

Jeffrey Epstein emails with former JPMorgan executive revealed: ‘Say hi to Snow White’

Virgin Islands government is suing JP Morgan for allegedly facilitating Epstein’s sex trafficking ring by handling his payments to recruiters and victims

The Guardian - US

New on the menu: Subway sandwich chain explores potential sale

Franchise company, with more than 37,000 restaurants in over 100 countries, could be valued at more than $10bn

Fortune

CFOs reveal what key moves helped propel their careers forward

These finance chiefs were strategic about landing their first CFO position.

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