SVB’s other businesses are on the block: What’s for sale and who may be a buyer? SVB Financial named a restructuring committee to seek out alternatives for its non-banking units. Fortune · Mar 14, 2023
Regulators shut down SBV after bank run How can a bank run happen in 2023? Why didn’t anyone step in to save SVB? And who is at risk now? Fortune · Mar 12, 2023
The Weekly Wrap for Saturday, 11 March 2023 Georgians flocked to the streets this week to protest a dodgy foreign interference bill. inkl Originals · Mar 11, 2023
VCs describe a big mess as Silicon Valley Bank’s troubles spark panic Founders are pulling cash from Silicon Valley Bank as fear of a bank run has spread. Fortune · Mar 10, 2023
Bill Ackman thinks the government should consider SVB bailout The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy." Fortune · Mar 10, 2023
JPMorgan sues former exec over ties to Epstein sex abuse JPMorgan Chase has sued its former executive Jes Staley, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client The Independent UK · Mar 9, 2023
Too early to say economic green shoots have appeared, JPMorgan executive says Sanjiv Somani, U.K. CEO of Chase, also warned retail investors or those jumping on so-called “meme stock” trends to be wary. Fortune · Mar 8, 2023
JPMorgan doesn’t want CEO Jamie Dimon questioned under oath in Jeffrey Epstein case The bank said its CEO was “not relevant” in the lawsuit being brought by the U.S. Virgin Islands. Fortune · Mar 1, 2023
Charlie Javice, the 30-year-old Frank founder accused of fraud, says Jamie Dimon took a personal interest in her $175 million acquisition The young founder hits back at the bank in new filings, alleging JPMorgan should have known what it was buying. Javice is demanding a trial by jury. Fortune · Feb 27, 2023
A major bank has banned ChatGPT—should your company follow suit? Experts explain why financial institutions would take a pass on ChatGPT. Fortune · Feb 24, 2023
Why the largest U.S. bank JPMorgan doesn't make Super Bowl ads Today's CMO also has to think like a chief product officer and a CFO, JPMorgan's marketing boss says. Fortune · Feb 24, 2023
JPMorgan says Staley-Epstein emails don’t show force, coercion Emails exchanged between JPMorgan & Chase Co. executive Jes Staley and Jeffrey Epstein fail to show that minors were victimized or that “force, fraud or coercion” were used against women, the bank said in court filing asking a judge to dismiss a U.S. Virgin Islands lawsuit. Tribune News Service · Feb 23, 2023
JPMorgan restricts staff from using ChatGPT The decision was not made in response to a specific event. Axios · Feb 22, 2023
Financiers sentenced to 11 years for defrauding Libya fund - UK court A former JPMorgan investment manager and an ex-Julius Baer banker were sentenced to a total of 11 years by a London court on Monday for defrauding a Libyan sovereign wealth fund out of millions of dollars. Reuters · Feb 20, 2023
Financial Times · Feb 20, 2023 Jeffrey Epstein’s long shadow falls on JPMorgan and Barclays once more Newly public allegations about the convicted sex offender’s relationship to Jes Staley include 1,200 emails and ‘seductive’ photos
Tribune News Service · Feb 17, 2023 JPMorgan staffer expected bank to drop Jeffrey Epstein as client in 2008, lawsuit says It was August 2008, the brink of a global financial crisis, and inside JPMorgan Chase & Co. an employee was expressing confidence the bank was about to kick out a wealthy client whose name was becoming infamous: Jeffrey Epstein.
Axios · Feb 17, 2023 Rock-bottom jobless claims might be overstated JPMorgan examines how severance packages impact jobless claims data.
The Independent UK · Feb 17, 2023 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
Fortune · Feb 16, 2023 JPMorgan’s top strategist warns amateur investors may be setting markets up for another ‘Volmageddon’ “While history doesn’t repeat, it often rhymes,” Marko Kolanovic warned.
The Guardian - UK · Feb 16, 2023 Ex-Barclays boss accused of holding discussions with Jeffrey Epstein about photos of young women US lawsuit claims Jes Staley received pictures of young women in seductive poses from the sex offender
Tribune News Service · Feb 16, 2023 Ex-JPMorgan executive’s Jeffrey Epstein emails revealed in lawsuit against bank Former JPMorgan Chase & Co executive Jes Staley engaged in a discussion of Disney princesses with Jeffrey Epstein in July 2010, according to several emails cited in a lawsuit filed against the bank by the U.S. Virgin Islands.
Fortune · Feb 13, 2023 Move over stablecoins, ‘deposit tokens’ are the next big thing in crypto says JPMorgan Deposit tokens could serve all the functions of stablecoins while benefiting from being integrated into the traditional financial system, claims a study by JPMorgan Chase.
Reuters · Feb 13, 2023 Ukraine's Zelenskiy met JPMorgan bankers over rebuilding efforts Ukrainian President Volodymyr Zelenskiy met with bankers from JPMorgan Chase Co last week to get their advice on rebuilding the country and weathering the financial impact of the war, according to a statement from the president's office.
Fortune · Feb 10, 2023 Who’s responsible for JPMorgan’s $175 million acquisition of Frank, the fintech startup accused of fraud? Several executives and investors played key roles in the acquisition of Frank, the fintech startup that JPMorgan is accusing of fabricating millions of users.
Daily Mirror · Feb 9, 2023 Man Utd takeover: Sir Jim Ratcliffe hires banking giants in bid to pip Qatari investors Sir Jim Ratcliffe launched his Manchester United takeover bid in January but will face competition to succeed the Glazer family from a group of Qatari investors