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The Latest Breaking News from JPMorgan

U.S. Virgin Islands seeks to subpoena Elon Musk in Jeffrey Epstein lawsuit

The Virgin Islands, where Jeffrey Epstein had an estate, is suing JPMorgan Chase, alleging it enabled Epstein’s sex trafficking, and is seeking evidence that Epstein may have advised Elon Musk on certain business matters.

Chicago Sun-Times

Elon Musk May Have a Jeffrey Epstein Problem

The U.S. Virgin Islands just revealed having subpoenaed the serial entrepreneur in their lawsuit against JPMorgan Chase, which they accuse of turning a blind eye to the horrors of Jeffrey Epstein.

The Street

Elon Musk Pops Up in Jeffrey Epstein Scandal

The U.S. Virgin Islands just revealed having subpoenaed the serial entrepreneur in their lawsuit against JPMorgan Chase, which they accuse of turning a blind eye to the horrors of Jeffrey Epstein.

The Street

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US Virgin Islands says it can't find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

The government of the U.S. Virgin Islands is asking a federal judge to help it serve billionaire Elon Musk with a subpoena for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein

The Independent UK

Elon Musk subpoenaed for documents in Jeffrey Epstein litigation

The US Virgin Islands has summonsed the Tesla CEO for documents in its lawsuit against JPMorgan Chase.

Crikey

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 over JPMorgan’s role in Jeffrey Epstein’s activities

US Virgin Islands is suing the bank over sex trafficking by Epstein, saying he ‘may have referred or attempted to refer’ Musk as a client

The Guardian - US

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Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who's At Risk?

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

Investors Business Daily

JPMorgan wants to be your landlord

JPMorgan spends $59 million to buy Cantabria Bradenton, a new 184-unit rental community in Florida, from Wolfson Development Company.

Fortune

JPMorgan CEO Jamie Dimon warns of 'panic' as debt ceiling deadline looms

The U.S. Treasury warns that it might exhaust its ability to borrow money as early as June 1 if Congress does not raise the debt ceiling.

Fortune

Jamie Dimon says he won’t be buying any more failed banks: ‘It’s a lot of work’

“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.

Fortune

Stock markets drift lower before US inflation data

London (AFP) - Stock markets retreated and the dollar traded mixed Wednesday before the release of key US inflation data.

AFP

Markets drift lower as US inflation data looms

Hong Kong (AFP) - Stocks extended losses in Asia and Europe on Wednesday as traders awaited the release of US inflation data, with sentiment clouded by a range of issues including the debt ceiling standoff in Washington and banking sector uncertainty.

AFP

Deloitte, Goldman Sachs, Microsoft among institutional players partnering on new blockchain network

Despite Crypto Winter, legacy firms are still investing in potential blockchain breakthroughs.

Fortune

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The Street

Morningstar Cautious on 3 Dividend Stocks (JPMorgan Chase Is One)

The research firm doesn't see substantial dividend growth for the three stocks, which include the giant bank.

Fortune

Frank Founder wins round against JPMorgan Chase

JPMorgan Chase fired Charlie Javice in November 2022. Now the bank must pay her legal fees, according to a Delaware Chancery Court ruling.

Barchart

Stocks Set to Open Mixed as Investors Await U.S. Inflation Data, Debt Worries Remain

June S&P 500 futures (ESM23) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.11% this morning as market participants awaited crucial U.S. inflation data that could influence the Federal Reserve’s monetary policy stance.

The Independent UK

Google co-founder Larry Page subpoenaed in civil proceedings over JPMorgan’s ties to Jeffrey Epstein

Prosecutors believe Epstein ‘may have referred or attempted to refer’ Mr Page, who stepped down as CEO of Google in 2019, to JPMorgan

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Investors Business Daily

Bank Crisis: Bankers Call For Probe Into Short Sellers. Elizabeth Warren Wants Answers From First Republic.

The ABA called for a probe into short sellers profiting off the bank crisis. Sen. Warren wants answers from First Republic executives.

The Street

Odeon Analyst Bove: Government Will Suspend Shorting of Bank Stocks

Western Alliance and PacWest shares are plunging in Thursday, May 4, trading.

Fortune

Frank founder in talks with DOJ to dismiss case against her

The millennial founder sold her startup Frank to JPMorgan but was then accused of misleading the bank about the number of customers it had.

Investors Business Daily

Dow Jones Slides 325 Points After Jobless Claims; PacWest Crashes 49% On Possible Sale; Apple Earnings Due

The Dow Jones dropped 325 points Thursday on rising weekly jobless claims. Regional bank PacWest shares crashed 49% on a possible sale.

Investors Business Daily

PacWest Bancorp Explores Options. Western Alliance Denies Deal Rumors. Gensler Issues Statement.

PacWest Bancorp sparked more panic among regional banks on reports it's exploring strategic options, including a potential sale. Bank stocks dive.

The Street

PacWest Plunges To Record Low As Lender Weighs Strategic Options; Western Alliance Slams FT Report

"The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news," PacWest said.

Fortune

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

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