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BIZARRE: 20 | Mind Blowing Facts

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

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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

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 Week

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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

The Guardian - UK

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.

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.

Fortune

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

Daily Mirror

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

The Guardian - UK

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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

Fortune

Big banks will take crypto mainstream—if they ever show up

Every year, the crypto industry predicts that big banks will enter the market—but, years later, everyone is still waiting.

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The Guardian - UK

JP Morgan ready for more banking turmoil as profits jump 52%

Chief executive Jamie Dimon upbeat as bank’s earnings benefit from rise in US and global interest rates

The Independent UK

JP Morgan Chase executives knew of Jeffrey Epstein sex abuse and obstructed justice, lawsuit claims

Red flags were raised about Jeffrey Epstein’s monthly cash withdrawals of up to $80,000 as far back as 2006, but JP Morgan kept him on as a client for another seven years, a lawsuit alleges.

The Guardian - UK

Jes Staley’s lawyers hit out at ‘slanderous’ attacks by JP Morgan

Allegations that ex-Barclays boss aided sex trafficking operations run by Jeffrey Epstein labelled ‘baseless but serious’

Kiplinger

J.P. Morgan Disclosure

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

The Guardian - UK

Financial turmoil will be felt for years, says JP Morgan boss

Jamie Dimon says downfalls of Silicon Valley Bank and Credit Suisse have undermined confidence

Fortune

Jamie Dimon urges policymakers to avoid 'knee-jerk, whack-a-mole' regulations in aftermath of SVB collapse

The J.P. Morgan CEO warned any new ill-advised oversight rules could actually backfire, with unsupervised tech companies like Apple winning out.

Multichannel News

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

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