JPMorgan Chase

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Women Who Accused Epstein Now Go After Big Banks

They allege JPMorgan, Deutsche Bank facilitated, profited from sex trafficking operations

(Newser) - JPMorgan Chase and Deutsche Bank have each been hit with a lawsuit that claims the banks enabled Jeffrey Epstein's sex trafficking operations and financially benefited from doing so. The suits, brought by anonymous female plaintiffs who accused Epstein of sex abuse, are seeking class-action status and unspecified damages. The...

JPMorgan Chase Cuts Ties With Kanye West

But the break was planned before anti-Semitic diatribes

(Newser) - Candace Owens, the controversial conservative commentator who appeared alongside Kanye West wearing a "White Lives Matter" shirt at Paris Fashion Week, on Wednesday night posted a letter from JPMorgan Chase to the rapper announcing that the bank was cutting ties with West's company, Yeezy Inc. However, as TMZ...

Jamie Dimon: US Recession Likely Within 6 to 9 Months
Jamie Dimon:
Recession
Lies Ahead

Jamie Dimon: Recession Lies Ahead

'This is serious stuff,' JPMorgan Chase CEO says, as Fed didn't do nearly enough in time

(Newser) - The US economy is "actually still doing well" right now, JPMorgan Chase CEO Jamie Dimon said Monday—but that statement comes with a big "but." Dimon, in an interview with CNBC , continued, "you can’t talk about the economy without talking about stuff in the future—...

Russian Oligarch Is Officially Out of a Superyacht

Dmitry Pumpyansky's luxury boat was the first to be auctioned, for $37.5M, over Ukraine sanctions

(Newser) - Update: The luxury superyacht seized from Russian oligarch Dmitry Pumpyansky and put up for sale in the first auction of its kind related to Russia's invasion of Ukraine ended up selling for $37.5 million in an auction that garnered 63 bids, the Guardian reports. The buyer's identity...

Bank CEO: 'Brace Yourself' for an Economic 'Hurricane'

'We don’t know if it’s a minor one or Superstorm Sandy,' Jamie Dimon says

(Newser) - The chief of America's largest bank says an economic "hurricane" is brewing and the Federal Reserve will face a huge challenge as it tries to rein in inflation without causing a recession. "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed...

Jamie Dimon Warns of Unprecedented Trifecta

Pandemic recovery, Ukraine war, and high inflation could 'dramatically increase' risks to economy

(Newser) - JPMorgan CEO Jamie Dimon is out with his annual letter to shareholders, which Axios notes is closely watched in financial circles. The Wall Street Journal finds that it's less rosy than last year, when he saw a potential "Goldilocks" moment of sustained growth on the horizon. This year,...

JP Morgan CEO Jamie Dimon Just Got a Raise

He earned $34.5M in stocks and cash in 2021

(Newser) - At an age where many people are gearing up for retirement, the 65-year-old CEO of JPMorgan Chase got 50 million reasons to stay in his post. Jamie Dimon received a $50 million bonus in early 2021 as an incentive to stay with the mega bank for a minimum of five...

JPMorgan CEO Regrets Joke About Chinese Government

Jamie Dimon said bank would probably outlast Chinese Communist Party

(Newser) - JPMorgan Chase CEO Jamie Dimon says "he truly regrets" a quip he made this week about JPMorgan outlasting the Chinese Communist Party. At an event in Boston Tuesday, Dimon said, "I was just in Hong Kong and I made a joke that the Communist Party is celebrating its...

Morgan Stanley to Bar the Unvaccinated

Only fully vaccinated people will be allowed inside New York offices starting July 12

(Newser) - Investment bank Morgan Stanley plans to lift mask and physical distancing requirements in its offices next month, but only after banning unvaccinated workers, clients, and visitors. The company told its workforce on Tuesday that employees and clients who are not fully vaccinated against COVID-19 will be unable to return to...

Jesuits Promise $100M for Slavery Reparations

Trust will benefit descendants of enslaved people, including those sold by Jesuits in 1838

(Newser) - The Catholic order of Jesuit priests has pledged to raise $100 million for descendants of the enslaved people it owned in what the New York Times reports is "one of the largest efforts by an institution to atone for slavery." The order relied on slave labor and sales...

ATM Customer Makes Startling Discovery at Bank

Nature's masked 'bandits' had broken in to a California Chase and were wreaking havoc

(Newser) - Some faces were made for radio; others were made for breaking into banks. CBS San Francisco and KPIX report that a customer was using an ATM outside a Chase bank in Redwood City, Calif., around 7:30am Tuesday morning when he saw what he thought was a stuffed animal on...

Banks Are Laundering Trillions for the Bad Guys
BuzzFeed
Has Dug Up
Damning Bank
Documents
the rundown

BuzzFeed Has Dug Up Damning Bank Documents

The 'FinCEN files' show how criminals, terrorists, and corrupt leaders use Western banks

(Newser) - The new Panama Papers are out, and they're just as ugly—if not worse. Leaked government documents show that big banks are laundering untold trillions of dollars for shady operators around the world and getting away with it, BuzzFeed reports. JPMorgan Chase and HSBC appear to be among the...

JPMorgan Chief Survives Health Scare

Jamie Dimon had emergency heart surgery

(Newser) - JPMorgan Chase CEO Jamie Dimon is recovering from another health scare, six years after he survived throat cancer . The bank says the CEO is "recovering well" after emergency heart surgery Thursday to treat an acute aortic dissection—a separation of tissues in the aorta wall, which is often fatal....

Chase Slammed for 'Poor-Shaming' After 'Motivational' Tweet

Elizabeth Warren among critics hitting Chase

(Newser) - Chase Bank's #MondayMotivation tweet was better suited for #ToneDeafTuesday, according to critics. The since-deleted tweet set up a hypothetical conversation between a bank account and its owner, who ponders the reasons for a low balance. "I guess we'll never know," the customer said, despite the bank...

Jamie Dimon: We've 'Bifurcated' the Economy

JP Morgan Chase CEO says the poor are being left behind

(Newser) - There are two Americas, according to JPMorgan Chase CEO Jamie Dimon: In one, people are benefiting from corporations that are doing well. In the other, however, people are really struggling. "I don't want to be a tone deaf CEO," Dimon said, per CNBC , at the bank's...

'Sinkhole' Turns Out to Be Secret Tunnel to Bank
They Thought
It Was a Sinkhole. 
Then They Saw
the Orange Cord
in case you missed it

They Thought It Was a Sinkhole. Then They Saw the Orange Cord

FBI investigating after public works employees find secret tunnel leading to Florida bank

(Newser) - It started out as public works employees checking out a potential sinkhole or pothole; it ended up with the FBI trying to solve what the Sun Sentinel is now calling a "bank caper." What the workers spotted in the hole in Pembroke Pines, Fla., on Tuesday that raised...

Jamie Dimon Says He Could Beat Trump, Immediately Backtracks

'I should not have said it,' JPMorgan Chase head later clarifies

(Newser) - Jamie Dimon had fighting words for President Trump Wednesday morning, but by noon the JPMorgan Chase & Co. chairman and CEO was already backtracking. "I think I could beat Trump" in an election, Dimon said at an event celebrating the company's philanthropy. "I’m as tough as...

3 Corporate Giants to Go After the 'Hungry Tapeworm'

Amazon, JPMorgan, Berkshire Hathaway will team up on health care

(Newser) - "The ballooning costs of health care act as a hungry tapeworm on the American economy," says Berkshire Hathaway CEO Warren Buffett, and he has teamed up with some equally huge names in an attempt to go after said tapeworm. Amazon.com, Berkshire Hathaway, and JPMorgan Chase on Tuesday...

JPMorgan Chase Head on Bitcoin Buyers: 'They're Stupid'

Jamie Dimon predicts big losses for the digital currency

(Newser) - Jamie Dimon says he would fire any employee caught trading bitcoin "in a second," the Guardian reports. "It’s against our rules, and they’re stupid. And both are dangerous," the head of JPMorgan Chase said at a conference Tuesday. According to Reuters , bitcoin dropped 10%...

'Almost an Embarrassment Being American': Jamie Dimon

JPMorgan CEO goes on anti-DC rant

(Newser) - During JPMorgan Chase's earnings conference call Friday, CEO Jamie Dimon went off on a bit of a tangent. "It's almost an embarrassment being an American citizen traveling around the world and listening to the stupid s--- we have to deal with in this country," he said...

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