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The Latest Breaking News from JP Morgan

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

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.

Fortune

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read the most diverse news in one place.

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

The Guardian - US

How Citizens Financial Group survived

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

Fortune

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

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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

The Guardian - US

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.

Tribune News Service

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

The Guardian - UK

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.

Fortune

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 New Daily

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

The Independent UK

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

The Guardian - UK

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The Week

First Republic: will UK banks survive unscathed?

The Treasury has sought to reassure the public that the British banking system is safe after First Republic became the third major US bank to fail in two months.

The Guardian - UK

Harry, sing Lana Del Rey! How AI is making pop fans’ fantasies come true

Longed-for duets between favourite pop singers are now being generated by AI. Fans are enthralled, but artists are worried: ‘I can’t help but think that I can be easily replaced’

The Guardian - UK

Is the banking crisis coming to an end? As JP Morgan CEO notes, risks linger

Jamie Dimon says this phase of bank collapses is over, but ‘other cracks in the system’ could still be revealed

Fortune

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

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Fortune

The 1994 regulatory loophole that led to Jamie Dimon's First Republic coup

A decades-old law sought to limit lenders' power—with one big exception.

Daily Mirror

JP Morgan to take over US bank First Republic after lender becomes third to collapse

Banking giant JP Morgan will take over $295 billion (£236 billion) in assets and liabilities of First Republic Bank after the third major US institution collapse in the last two months

The Guardian - UK

JP Morgan boss plays down risk of crisis after second biggest bank failure in US history

Jamie Dimon’s remarks follow $10.6bn takeover brokered by US regulators to buy most of failed First Republic

The Guardian - UK

Old ghosts of Staley – and Epstein – haunt Barclays once again

A new lawsuit against its former boss does not involve the bank, but awkward questions may be asked at this week’s AGM

Fortune

Two years ago JP Morgan CEO Jamie Dimon warned about the threat from fintechs

Competition from fintechs and big tech spurred JPMorgan Chase to go on a buying binge, and take advantage when prices were depressed.

The Guardian - US

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 - UK

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

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