JPMorgan Chase’s Jamie Dimon leading First Republic Bank rescue plan
Wall Street giant Jamie Dimon leads talks to stabilize First Republic Bank – report says country’s biggest bank could invest in lenders in troubled areas There are discussions including Dimon, which JP Morgan Chase & Co. and 10 other banks pooled $30 billion last week to keep the troubled bank afloat, closed Monday after shares […]
JPMorgan analysts warned about Silicon Valley Bank’s $16B in ‘unrealized losses’ in November
JP Morgan warned in November that Silicon Valley Bank’s “$16 billion unrealized losses” could pose serious risks. SVB, which filed for bankruptcy on Friday, was the subject of a report issued by the JP Morgan North American Equity Research team on November 15 to clients paying for the research. JPM announced the now-troubling investigation after […]
JPMorgan must hand over Jamie Dimon’s records in Jeffrey Epstein suit
A US judge on Thursday ordered JPMorgan Chase to hand over additional documents relating to CEO Jamie Dimon to the US Virgin Islands. Manhattan U.S. District Court Judge Jed Lakoff said banks will have to file the required documents from 2015 to 2019 after JP Morgan cut Epstein as a client. Rakov did not explain […]
JPMorgan sues ex-exec Jes Staley over Jeffrey Epstein ties
Court documents show JPMorgan Chase & Co. has “personally observed” that convicted pedophile Jeffrey Epstein assaulted a sex trafficking victim and failed to disclose information to his superiors. It is suing a former executive of a bank who allegedly Former Barclays CEO Jess Staley has filed a lawsuit against JP Morgan, one of Epstein’s alleged […]
JPMorgan CEO Jamie Dimon praises ‘pro-business’ Texas, Florida
JPMorgan Chase CEO Jamie Dimon joins a list of business executives touting the benefits of expanding their business footprint in Sunbelt states such as Texas and Florida. “We love Florida. We’re growing left and right in Florida.” Dimon told Bloomberg News on monday. Dimon described Florida and Texas as “like business, they want you to […]
JPMorgan Chase ‘requires workers give 6 months notice’
A veteran JP Morgan Chase banker was outraged by a financial giant’s policy requiring certain employees to give six months’ notice before moving on to another job. A Wall Street worker who claims to earn about $400,000 a year in total compensation after 15 years of experience says the long notice period means a lucrative […]