JPMorgan processed more than $1 billion for Epstein, US Virgin Islands says

JPMorgan Chase processed over $1 billion for Jeffrey Epstein over 16 years, according to disclosures made to U.S. authorities, which are now being used in a lawsuit filed by the U.S. Virgin Islands against the bank.

reuters.com

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7/24/2023

JPMorgan’s Greek Fintech Unicorn Draws Regulatory Blitz

- JPMorgan Chase purchased a 49% stake in Greek payments fintech Viva Wallet for $800 million, making it Greece's first tech unicorn valued at $1.6 billion. - Viva Wallet's expertise in navigating complex financial laws and compliance issues in European jurisdictions made it an attractive investment for JPMorgan as it expands in Europe. - However, it has been revealed that Viva Wallet was under scrutiny from financial regulators across Europe and had dismissed several compliance employees who raised concerns about the business. - Regulatory documents and interviews with former Viva Wallet employees with direct knowledge of its regulatory operations support these claims. - This information was not widely known or previously reported at the time of the deal.

8/28/2023

JPMorgan Chase Updates Market Outlook, Says One Stock Could Soar 116%: Report - The Daily Hodl

JPMorgan Chase is feeling optimistic about the stock market despite recent dips, and sees limited downside for the crypto markets in the near term, according to analysts at the firm. Additionally, JPMorgan analysts are bullish on stocks such as Telephone & Data Systems and HilleVax.

8/29/2023

JPMorgan to invest $1bn or more a year in AI, Daniel Pinto says

JPMorgan Chase plans to invest $1 billion or more per year in artificial intelligence, despite anticipating a "relatively subdued" year in investment banking.

9/16/2023

U.S. Debt Soars Over $32 Trillion as Budget Deadline Looms, Threatening Growth and Households

The US federal debt has reached $32.94 trillion, prompting concerns from JPMorgan Chase CEO Jamie Dimon about the impact on households, while Congress faces pressure to pass a new budget before potential government shutdown at the end of September.