JPMorgan Chase CEO Jamie Dimon listed three major threats to the U.S. economy in a recent comment during the bank’s second-quarter earnings call, according to the transcript. The banking giant’s July 14 second-quarter results showed revenue and earnings exceeding economists’ expectations, but the JPMorgan chief stands on the side of caution. JPMorgan reported net income…
JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the US Economy
July 20, 2023
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Wall Street Investment Banks Face Bleak Prospects in China
July 2, 2023
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Recent data from Dealogic shows that wall street investment banks face bleak prospects in the Chinese market. Lucia Dunn, an economics professor at Ohio State University, says that the Chinese Communist Party (CCP) will never deal with them in a Western-standard fairway. After lobbying the Trump administration to sign a trade war ceasefire agreement with…
JPMorgan Fined $4 Million for Deleting 47 Million Emails: SEC
The Securities and Exchange Commission (SEC) fined JPMorgan Chase’s broker-dealer arm $4 million for deleting tens of millions of emails from early 2018, with some relating to subpoenas in regulatory investigations. According to a June 22 adminstrative order, the federal regulator said that J.P. Morgan Securities LLC erased 47 million emails during the period January…
JPMorgan Agrees to Settle With Jeffrey Epstein Victims
JPMorgan Chase has reached a settlement with women who say they were abused by Jeffrey Epstein, the bank and the women said on June 12. The parties said in a joint statement that they have notified a federal court in New York that they have “reached an agreement in principle” to settle the lawsuit filed…
ANALYSIS: Politics, Finance Merge as Banks Become Fewer in Number, More Aligned With Government
May 26, 2023
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The absorption of First Republic Bank by JPMorgan Chase on May 1 was just the latest step in a relentless march of consolidation among U.S. banks, as America’s banking industry becomes both more concentrated and more closely entwined with the federal government. Since the “Great Financial Crisis” of 2008, federal regulators have become comfortable with…
Democrat Congresswoman Went to Jeffrey Epstein’s Home
A U.S. congresswoman went to Jeffrey Epstein’s home in 2018, within a year of his being arrested on charges of child sex trafficking. Del. Stacey Plaskett (D-V.I.) went to Epstein’s townhouse in September 2018, she acknowledged during a deposition this month. “I recall going to the address, ringing the bell … someone opening the door,”…
Jamie Dimon Sees Rough Times Ahead for Smaller Banks, Predicting Interest Rates as High as 7 Percent
May 24, 2023
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JPMorgan CEO Jamie Dimon, predicts rough times ahead for regional banks and warns of more deposit runs, as future interest rate hikes become increasingly likely. Dimon warned at a May 22 Q&A Investor Day meeting at JPMorgan Chase that interest rates were likely to go higher from here and rise to as much as 7 percent….
JPMorgan Chase Defeats Shareholder Proposal to Investigate Allegations of Political, Religious Discrimination
May 18, 2023
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
IN-DEPTH: JPMorgan Chase Faces Backlash Over Alleged Discrimination Against Religious and Conservative Groups
May 18, 2023
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
Oklahoma Targets Wall Street ESG Activists
May 4, 2023
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Oklahoma became the latest state to take action against Wall Street firms that it claims are hurting companies that are essential to providing jobs and energy for the state. Oklahoma Treasurer Todd Russ announced on Wednesday that 13 financial institutions, which have been deemed to be discriminating against Oklahoma’s energy industry, will be banned from doing business with the state, losing…
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