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The Latest Breaking News from JP Morgan

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

From analysis to the latest developments in health,
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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

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

The Guardian - UK

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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.

AAP

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

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

The Guardian - US

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

Talks exclude the stricken commercial bank, sources told Axios.

Axios

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 Guardian - UK

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 Conversation

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 Independent UK

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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.

Evening Standard

Athleisure workwear that works

Joanna Dai’s women’s workwear brand was inspired by a 16-hour uncomfortable day of meetings

Fortune

Jamie Dimon is going to make a lot less than he did last year as he joins Apple's Tim Cook as the latest big CEO to lose out on a bigger payday

JPMorgan Chase's board said Dimon will receive no "special awards" in the future, unlike last year, which added $50 million to his pay.

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Fortune

Inside J.P. Morgan and Techstars’ joint push to get VC dollars to diverse founders

The bank and the pre-seed investor are teaming up to invest $80 million in founders from diverse backgrounds—and are asking other VCs to invest in them, too.

Fortune

JP Morgan's Dimon warns Congress not to play chicken with America’s $31 trillion debt ceiling

Brinkmanship between Donald Trump's Freedom Caucus and moderates in Congress over an impending default by the U.S. government could drive up borrowing costs for the average American.

Bangkok Post

J.P. Morgan bullish on Thai bourses

Global financial services firm J.P. Morgan has upgraded its rating for Thailand's stock markets to overweight from neutral because of returning Chinese tourists, with the SET Index forecast to hit 1,800 points this year.

The Independent UK

Keir Starmer to invoke Blair as he tells Davos the UK is ‘open for business’

Labour leader to meet bosses of Goldman Sachs, Morgan Stanley, JP Morgan and BlackRock

The Guardian - UK

Ex-Barclays boss saw Jeffrey Epstein abuse young women, US lawsuit claims

Suit filed by victim against JP Morgan alleges Jes Staley knew of trafficking of young women and witnessed sexual abuse

Bangkok Post

Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky.

The Guardian - UK

UK may avoid 2022 recession after growing 0.1% in November – as it happened

UK economy beat forecasts with 0.1% growth in November, as food and drink businesses benefited from the FIFA World Cup

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