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Jamie Dimon warned that a U.S. default would be “potentially catastrophic,” and pleaded with politicians to “please negotiate a deal” before the country breaches its borrowing cap in early June. If the U.S. defaults on its debt, the JPMorgan CEO warned in a Thursday interview with Bloomberg TV, it would hit “contracts, collateral, clearing houses, and affect clients definitely around the world.” Dimon expressed some hope that the U.S. would be able to negotiate a solution if markets begin to worry that a default might happen. "The closer you get to it, you will have panic" in terms of market...

Government investigators are reporting that Google co-founder Larry Page has disappeared after a subpoena was issued for his testimony in a Jeffrey Epstein underage trafficking case. Authorities in the U.S. Virgin Islands issued subpoenas against Page and Google parent company Alphabet in the lawsuit against JPMorgan Chase & Co. bank. The lawsuit accuses JPMorgan, America’s largest bank, of playing a role in Epstein’s international child sex trafficking operation. However, a new legal filing reveals that investigators have been unable to locate Page since the subpoena was issued. Authorities have now been forced to ask Judge Jed Rakoff, who is overseeing...

Hunter Biden sent an email to the manager of his Washington, D.C. office building in September 2017 asking her to make keys for his “office mates” Joe Biden and Gongwen Dong, who he said was the “emissary” for the chairman of the Chinese energy conglomerate CEFC. Hunter Biden’s dealings with CEFC in 2017 were at the center of Tony Bobulinski’s October allegation that Joe Biden was “plainly familiar” with his family’s Chinese business dealings. Multiple news outlets have reported this week that a federal investigation into Hunter Biden’s “tax affairs” is focused on his foreign business activities, including with CEFC....

A group of attorneys general from across the U.S. is going after one of the country’s largest banks, which it claims treats some Christians unfairly. In a letter recently sent to JP Morgan Chase CEO Jamie Dimon, the groups said the bank preaches “openness and inclusivity,” but it has “persistently discriminated” against some religious liberty groups. “Chase cannot call itself ‘inclusive’ and say that it ‘opposes discrimination in any form’ while simultaneously disenfranchising its clients over religious and political differences,” Kentucky Attorney General Daniel Cameron, who took the lead in the effort, said. “I’m leading this coalition to stand up...

Former Barclays boss Jes Staley has been accused of sexually abusing a woman at Jeffrey Epstein’s Virgin Islands retreat, according to a new court ruling. Staley, a former private banking chief at JP Morgan, is alleged to have ‘used aggressive force in his sexual assault of [anonymous victim ‘JPM Jane Doe’] and informed [her] that he had Epstein’s permission to do what he wanted to her,’ the ruling, filed on Monday, states. The explosive revelation – the first direct accusation of sexual assault against Staley at the behest of Epstein – is part of a ruling issued by US District...

Yesterday, I expected to submit an article entitled "In business, bigger is not necessarily better" for American Thinker. The ink wasn't dry on my article before the government took bids on First Republic Bank (FRB). JPMorgan Chase, the largest bank in the U.S., was the winner. The biggest gets bigger. What? Does the Fed have the legal right to put a distressed bank on the market and effectively sell it to the highest bidder? In doing this, isn't the Fed playing favorites with the bank leadership that created the problem in the first place? Have FRB bank leaders been selling...

there are no banking rules/laws in the Biden Fed/Treasury system. ... The Dodd-Frank laws are still on the books, but the FDIC decision to insure all deposits, regardless of size, now means those laws, rules and regulations are not required to be followed. Additionally, as a result of JPMorgan gaining another $100+/- billion in deposit assets, the law(s) surrounding the 10% U.S. deposit maximum, within too big to fail banks, no longer exists. Noted in the announcement, “JPMorgan Chase is assuming all deposits – insured and uninsured.” JPMorgan is also assuming assets consisting of $173 billion in loans and approximately...

US financial authorities have taken possession of California’s troubled First Republic Bank, which will be acquired by JPMorgan Chase, government regulators announced Monday in the latest banking failure. First Republic, the second-largest bank by assets to collapse in US history, has been in freefall since disclosing last week that it lost more than $100 billion in deposits in the first quarter, causing its shares to plummet.

"The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gauging their initial interest earlier in the week, Bloomberg News reported on Saturday."

Whether for his controversial comments on private property seizure by governments and corporations or his coming testimony in the JPMorgan-Jeffrey Epstein case, Jamie Dimon – the CEO of JPMorgan – has been in the news a lot lately. While Dimon’s comments often receive media attention by virtue of the power he wields on Wall Street and the U.S. banking industry at large, most know very little about Dimon’s time before JPMorgan and how he came to lead one of the largest, most powerful banks on Wall Street and in the world. As detailed in Part 1 of this series, Dimon’s...

The Jeffrey Epstein sex trafficking victim at the center of the high-stakes lawsuits against JPMorgan Chase and former bank honcho James ‘Jes’ Staley will have to submit to a psychiatric examination, RadarOnline.com can exclusively reveal. The victim - known as Jane Doe 1 – sued the banking giant late last year charging it turned a blind eye to Epstein’s trafficking operation and allowed him to make financial transactions with victims and lackeys through a series of dummy companies. JPMorgan then sued Staley, its former private banking chief, accusing him of coddling the creep and allegedly assaulting Jane Doe 1, who...

Lingerie mogul Les Wexner is allegedly using burly bodyguards to dodge a subpoena in the scandalous lawsuit accusing JPMorgan Bank of helping Jeffrey Epstein run his child sex trafficking operation, RadarOnline.com has learned. The U.S. Virgin Islands (USVI) want to interrogate the billionaire founder and former CEO of The Limited and Victoria’s Secrets, who is widely credited for helping Epstein amass millions in the mid-1980s by hiring him as a personal money manager. But the crafty 85-year-old tycoon has allegedly given the process server the slip, and the USVI filed a motion asking a Manhattan federal court judge overseeing the...

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon suggested that the U.S. government and climate conscious corporations may have to seize citizen’s private property to enact climate initiatives while there still time to stave off climate disasters.

You will own nothing and like it.I’m sure that NPR will again insist that this is a conspiracy theory, but the fact is that the global elite has decided to accelerate their push to implement their modern, “nice” version of communism with alacrity.COVID lockdowns gave them control over the means of communication and information, and climate change is their excuse for seizing your property and restructuring the economy to their liking.They aren’t even being coy about it anymore. Klaus Schwab wrote his book The Great Reset and has a glitzy website filled with all the discussions you want about eliminating...

JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the government may need to seize private property to advance clean energy initiatives. Dimon discussed the need to quickly begin investing in solar projects and other green initiatives and suggested that the government should use eminent domain to seize property for those projects. “At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke [sic] eminent domain – we simply are not getting the adequate investments fast enough for grid, solar,...

JPMorgan Chase has engaged in "politically motivated de-banking" .... More than a dozen state financial officers are writing to JPMorgan Chase CEO Jamie Dimon to call on the bank to root out any internal political or anti-religious bias that may result in adverse decisions against clients of the nation’s largest bank. The letter addressed to Dimon was signed by a group of 14 Republican state auditors, controllers, and treasurers who wrote to "convey our concern that the bank is engaged in what appears to be politically motivated de-banking of certain industries, individuals, and groups." ... JPMorgan Chase has demonstrated political...

As if the banking industry doesn’t have enough problems, there’s also Jes Staley. The former chief executive of Barclays, and before that a JPMorgan bigwig, reminds us that the legacy of the late pedophile Jeffrey Epstein is still with us, thanks to Epstein’s extensive connections with the powerful and irresistible suspicions about the many who attended his parties, flew on his private jet or visited his private Caribbean island. Mr. Staley, who once ran JPMorgan’s private bank, has now seen his ex-employer turn on him after he was named in a lawsuit as an eyewitness to an Epstein victim’s abuse....

With 'goliaths' like JP Morgan also 'winning', analysts say Jittery customers are flocking to major banks in the wake of the SVB collapse One analyst said 'Goliath is winning' as some speed up their onboarding process to cope with the new demand It comes as SVB's spectacular fall from grace continues to wreak havoc on Wall Street Bank of America has reportedly raked in $15 million in new deposits as customers flee small lenders for 'too big to fail' firms in the wake of the Silicon Valley Bank collapse. So-called 'goliath' banks such as JP Morgan and Wells Fargo are...

Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. Other companies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday, as SVB’s stock tanked amid VC-fueled concerns of a bank run. The exodus of deposits put increased pressure on SVB, which attempted to raise equity funding earlier this week and had turned to a potential sale, CNBC reported. Regulators shut down the bank on Friday. Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The...

Small things can lead to big reactions, and that seems to be the case with bank stocks on Thursday, as a huge loss at SVB SIVB 0.00% Financial has caused stocks like JPMorgan JPM +2.48% Chase, Bank of America BAC +0.29% , and Wells Fargo WFC +1.50% to get pummeled. Here’s what happened. Silicon Valley Bank’s parent, SVB Financial (ticker: SIVB), said Wednesday night that it had sold securities from its portfolio for a $1.8 billion loss, while also announcing plans to raise capital via an offering of common and preferred stock. SVB Financial stock tumbled 60% to $106.04 on...