Two major banks and a bank executive could be liable for Jeffrey Epstein’s sex trafficking, a judge has ruled. Plaintiffs have presented enough evidence that JPMorgan Chase, longtime JPMorgan executive Jes Staley, and Deutsche Bank could be liable for Epstein’s sex trafficking, U.S. District Judge Jed Rakoff said on May 1 as he rejected motions to dismiss…

Two banks and a bank executive could be liable for Jeffrey Epstein’s sex trafficking, a judge has ruled. Plaintiffs have presented enough evidence that JPMorgan Chase, longtime JPMorgan executive Jes Staley, and Deutsche Bank could be liable for Epstein’s sex trafficking, U.S. District Judge Jed Rakoff said on May 1 as he rejected motions to dismiss cases…

JPMorgan Chase will acquire most of First Republic Bank’s assets for $10.6 billion after U.S. regulators seized control of the embattled institution and facilitated its sale over the weekend. President Joe Biden and JPMorgan Chase CEO Jamie Dimon reiterated that the worst of the crisis is over. “These actions are going to make sure that…

U.S. regional bank shares took a beating after the collapse of First Republic and its takeover by JP Morgan Chase & Co. The Federal Deposit Insurance Corporation (FDIC) seized First Republic Bank in the second-largest bank failure in American history in what is also the third regional bank to fail this year. Shares of several…

The U.S. banking system is “safe and sound” after federal regulators facilitated the sale of the distressed First Republic Bank, President Joe Biden confirmed. First Republic became the second-largest bank failure in U.S. history and the third midsize institution to collapse in less than two months. Speaking from the White House on May 1 to…

First Republic Bank has been seized by the Federal Deposit Insurance Corporation (FDIC), which announced on Monday morning that the beleaguered bank will be bought by JPMorgan Chase. California financial regulators on Monday ordered First Republic Bank closed, with the FDIC appointed as receiver. “To protect depositors, the FDIC is entering into a purchase and…

First Republic Bank has been seized by the Federal Deposit Insurance Corporation (FDIC), which announced on Monday morning that the beleaguered bank is being bought by JPMorgan Chase. California financial regulators on Monday ordered First Republic Bank closed, with the FDIC appointed as receiver. “To protect depositors, the FDIC is entering into a purchase and…

Anheuser-Busch’s controversial sponsorship of trans influencer Dylan Mulvaney in an advertising campaign for its beer brand Bud Light is just the most recent example of corporations championing progressive causes—and then having to backpedal when they discover that the message proves divisive. In an attempt to quell a backlash among Bud Light drinkers, Anheuser-Busch CEO Brendan…

JPMorgan Chase posted record profits and an overall boost in revenue in the first quarter, in the face of recent turmoil in the banking sector last month. The better than expected April 14 earnings report beat most analysts’ estimates for the quarter, as depositors placed their money into the larger banks in the wake of the industry’s…

JPMorgan Chase knew about Jeffrey Epstein’s sex trafficking accusations for years before dropping him, according to new legal filings. The lawsuit alleges that the bank knew about the accusations against the now-deceased convicted sex offender and financier—namely, paying to have underage girls and young women brought to his home since 2006. Mary Erdoes, the current head…