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Epstein had been a JPMorgan client from 2000 to 2013, with the last five years coming after he had pleaded guilty to a Florida prostitution charge. The bank is also suing Jes Staley, a former private banking chief and later Barclays Plc (BARC.L) chief executive who had been friendly with Epstein. JPMorgan wants Staley to reimburse it for eight years of compensation and damages it might incur in the other lawsuits. Deutsche Bank AG (DBKGn.DE), where Epstein was a client from 2013 to 2018, is also being sued by the financier's accusers. Epstein killed himself in a Manhattan jail cell at age 66 in August 2019 while awaiting trial for sex trafficking.

☆ Morning Bid: Bank calm, rates firm, Alibaba steals show
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +4 min

A semblance of calm has returned to world markets in the final week of the first quarter as the banking storm abates and the spotlight switched to a share-boosting six-way revamp of Chinese e-commerce giant Alibaba. Investors cheered the surprise move from Alibaba (9988.HK) as a sign Beijing's corporate crackdown may be nearing an end, sending shares of the Jack Ma-founded firm and peers soaring. The surprise move seeks to take advantage of Ermotti's experience rebuilding the bank after the global financial crisis 15 years ago. Broader stock markets were higher across the board, with Wall St futures up almost 1% ahead of the open. Futures markets now show a 50-50 chance of one more Fed rate hike in this cycle in May and half a point of easing by yearend.

☆ Fintech has a fraud problem, and the onus is on you to figure it out
▼ + stars: | 2023-03-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Fintech's fraud misfortune. Which brings us to a story by Insider's Bianca Chan and Paige Hagy about concerns over the prevalence of fraud within consumer-facing fintechs in recent years. Click here to read more about fintech's fraud problem. We've also got the deck StellarFi, a fintech that helps users improve their credit score, used to raise $15 million. For more than 50 different decks used by fintechs to raise fresh funds, check out our library.

☆ Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
▼ + stars: | 2023-03-28 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023. Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank's links to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter. Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil lawsuits tied to the convicted sex offender Epstein, according to the person, who declined to be identified speaking about the case. The suits, one from an alleged victim and another from the U.S. Virgin Islands, allege that the New York-based bank ignored red flags about Epstein and profited from dealing with him. Earlier this month, JPMorgan sought to lay any blame from the episode on a former senior executive.

☆ More than 94,000 prepayment meters forcibly installed in Britain in 2022
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 27 (Reuters) - More than 94,000 prepayment meters were installed in homes in Britain using warrants and without customer consent in 2022, the government said on Monday, adding that British Gas, Scottish Power and OVO Energy accounted for 70% of them. Prepayment meters allow customers to pay for gas and electricity on a pay-as-you-go basis. British Gas, Scottish Power and OVO Energy forcibly installed 66,187 prepayment metres under warrant last year, the Department for Business, Energy and Industrial Strategy (BEIS) said. Scottish Power was the worst offender when taking its customer base into account, force-fitting more than 24,300 meters, BEIS said. The company is not currently installing prepayment meters or recovering debt from those customers on new prepayment meters unless requested by the customer, the spokesperson added.

☆ Nobody wants to be the target of mansplaining at work. Here's how to shut down the office know-it-all.
▼ + stars: | 2023-03-27 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Mansplaining is still often a man's game, but it's something women can do, too. Studies suggest that mansplaining is more than a workplace frustration; it can have serious consequences both for companies and careers. Insider spoke with three workplace experts for advice on how managers and employees can deal with the office mansplainer. And if the mansplaining continues, you might need to shut it down in real time. Without an ally, it can be hard to put a stop to mansplaining as it's happening, Woolley said.

☆ Ethics panel admonishes Graham for soliciting campaign donations during interview in Senate building
▼ + stars: | 2023-03-24 | by ( Ryan Nobles | Zoë Richards | ) www.cnbc.com time to read: +2 min

The Senate Ethics Committee said Thursday that Sen. Lindsey Graham, R-S.C., violated Senate rules during a Fox News appearance last year when he requested donations for Hershel Walker's Senate campaign in Georgia. It is against Senate rules to seek campaign donations in a federal building. In its letter, the ethics panel issued an "admonishment" but opted not to sanction Graham. The panel also said Graham was a repeat offender, noting that he had asked for donations in an impromptu media interview in the Dirksen Senate Office Building in October 2020. "In response to a reporter's question regarding your reelection campaign fundraising, you directly solicited campaign contributions for your campaign committee," Coons and Lankford wrote.

☆ Hillary and Chelsea Clinton took in a Broadway show — and then someone pooped near them, per report
▼ + stars: | 2023-03-21 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Somone pooped near Hillary and Chelsea Clinton during a Broadway play last week, Page Six reports. "The house crew dealt with it very appropriately and quickly, and Hillary and Chelsea remained in the theater for the second act," one source told Page Six. A second source disputed the serial pooping claim and said it was a one-off accident. Both Clintons stayed for the second act of the play at the Shubert Theater, per one of Page Six's sources. Spokespeople for Hillary Clinton and the Shubert Theater did not immediately respond to requests for comment from Insider.

☆ Jeffrey Epstein: JPMorgan, Deutsche Bank ordered to face lawsuits over ties to financier
▼ + stars: | 2023-03-21 | by ( ) edition.cnn.com time to read: +4 min

JPMorgan Chase and Deutsche Bank must face lawsuits that accuse them of enabling Jeffrey Epstein’s sex trafficking, a US judge said Monday. Rakoff’s decision gives the plaintiffs a chance to prove another claim: that JPMorgan and Deutsche Bank (DB)knowingly benefited from involvement in Epstein’s sex trafficking. JPMorgan spokeswoman Trish Wexler and Deutsche Bank spokesman Dylan Riddle declined to comment on Rakoff’s ruling. ‘Landmark decision’Epstein had been a client of JPMorgan from 2000 to 2013, and Deutsche Bank from 2013 to 2018. In the Deutsche Bank case, the plaintiff, also known as Jane Doe 1, said Epstein sexually abused her from 2003 to 2018.

[1/2] A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah MeyssonnierNEW YORK, March 20 (Reuters) - A U.S. judge said on Monday JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) must face lawsuits accusing them of enabling Jeffrey Epstein's sex trafficking. Rakoff's decision gives the plaintiffs a chance to prove that JPMorgan and Deutsche Bank knowingly benefited from involvement in Epstein's sex trafficking. Epstein had been a client of JPMorgan from 2000 to 2013, and Deutsche Bank from 2013 to 2018. The cases in the U.S. District Court, Southern District of New York are: Jane Doe 1 v Deutsche Bank AG et al, No.

"Jamie Dimon knew in 2008 that his billionaire client was a sex trafficker," attorney Mimi Liu told Manhattan U.S. District Judge Jed Rakoff at a hearing late Thursday, referring to the year Epstein was first criminally charged with sex crimes. "If Staley is a rogue employee, why isn't Jamie Dimon?" The lawyer continued: "Staley knew, Dimon knew, JPMorgan Chase knew" about Epstein's criminal conduct. Simon Dawson | Bloomberg | Getty ImagesA lawyer for JPMorgan disputed those arguments, "in particular the point about Jamie Dimon having any specific knowledge." Wexler also said, "Jamie Dimon has no recollection of reviewing the Epstein accounts."

☆ Wagner’s convicts tell of horrors of Ukraine war
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +11 min

They are identified as pardoned former convicts, returned from the front in Ukraine after joining Wagner from prison. Four of the men said they were personally recruited by Yevgeny Prigozhin as he toured Russia’s prison system to bolster his private army. I wish all real men would join Wagner.”The war in Ukraine is straining Russia’s military capacity. One of the convict recruits told Reuters he travelled to a Wagner training camp in the Russian-controlled part of eastern Ukraine’s Luhansk region. According to the United States, by mid-February Wagner had suffered more than 30,000 casualties in Ukraine, including 9,000 dead, almost all of them convicts.

☆ Vinícius Jr. is being racially abused during LaLiga matches. Why is nobody being punished?
▼ + stars: | 2023-03-15 | by ( Matias Grez | ) edition.cnn.com time to read: +17 min

It has been updated to reflect the persistent racist abuse that Vinicius Jr. was subjected to during Real Madrid’s 1-0 defeat by Valencia on May 21, 2023. ‘Racist campaign against Vinícius’Incidents of players being racially abused by fans have tarred numerous LaLiga matches this season. On May 21, Vinícius was again subjected to racist abuse from the stands, this time during Real’s match against Valencia at the Mestalla stadium. Most cases of racist abuse which LaLiga has referred to local prosecutors have involved Vinícius. The local prosecutor in Mallorca said it is investigating a number of cases of racist abuse at matches.

☆ Another 55 amateur players join concussion lawsuit
▼ + stars: | 2023-03-14 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

MANCHESTER, England, March 14 (Reuters) - Another 55 amateur rugby players who are suffering from neurological impairments joined the growing list of claimants in a class-action concussion lawsuit on Monday, claiming that the sport's governing bodies failed to take reasonable action to protect them. "The players we represent love the game," Rylands Garth said in a statement. "(CTE) is a cruel and progressive degenerative disease of the brain found in many players of contact sports leading to repetitive brain trauma," they said. World Rugby pointed to studies in France and South Africa that showed positive advancements in terms of player safety and overall game experience. In 2019, the NHL paid $18.49 million to settle a concussion lawsuit brought by more than 100 players.

☆ Silicon Valley is on a knife-edge after the collapse of SVB
▼ + stars: | 2023-03-12 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +5 min

With the failure of Silicon Valley Bank, we're witnessing the biggest bank collapse since the 2008 financial crisis. On the agenda today:Before we dive in: Insider's Warehouse Nation series was recognized with a Best in Business Award from the Society for Advancing Business Editing and Writing (SABEW). And up first today: Alison Brower, Insider's LA bureau chief, explains whether the Oscars still matter in Hollywood. The Slap still stings across Hollywood, and Academy Awards organizers are working hard to make sure tonight's ceremony sparkles, Insider's Alison Brower writes. Silicon Valley Bank's implosionSilicon Valley Bank employees react to the bank's collapse Getty ImagesSilicon Valley Bank had been a pillar of the startup ecosystem for four decades.

☆ Jamie Dimon throws Staley off fortress battlements
▼ + stars: | 2023-03-09 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Suing former employees – in this case using an archaic-sounding doctrine that brands Staley a “faithless servant” – isn't a great look, but the bank led by Jamie Dimon has more reasons than most to defend itself. His $400 billion firm is being pursued for unspecified damages by a woman who argues that it knew of Epstein’s sex trafficking venture, and is also being sued by the government of the U.S. Virgin Islands. The bank has delivered a more than 400% total return to shareholders since Dimon took over in 2006, while talking up its “fortress” balance sheet. If JPMorgan loses either of the lawsuits in which it is a defendant, it wants Staley to share in the damages. Current or future employees might worry they too could find themselves branded a faithless servant for failing to disclose moral missteps, or having clients who fall from grace.

☆ Google search is bad and getting worse. Here's how search is evolving in the era of AI.
▼ + stars: | 2023-03-09 | by ( Mason Pelt | ) www.businessinsider.com time to read: +12 min

He says Google search is worse than ever, and the company isn't financially incentivized to fix it. Google search is worse than it was three years ago. People use Google search in two waysPeople use Google to either find general information where any credible source is acceptable. Searching, "who is Neil Gaiman," or "list of the endless in the Neil Gaiman series" will likely give searchers the answers they seek. That sentence's chaotic grammatical mess is a window into the Google search results pages.

☆ Morning Bid: Job runes, China offer sliver of rate hope
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +5 min

That certainly ups the ante for Friday's monthly employment report and next week's consumer price index releases. But the rate at which people were leaving jobs voluntarily was falling and layoffs were up. Another pause for thought came from China's February inflation numbers that show annual consumer price rises slowed to just 1%, the lowest rate in a year. More broadly on Thursday, interest rates markets retained their dramatic re-pricing and relatively resilient stock markets tilted negative again. The implied end-2023 rate is now above 5.50% - more than a full percentage point above where it was assumed on February 1.

☆ Jamie Dimon throws Jes Staley off the battlements
▼ + stars: | 2023-03-09 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Suing former employees – in this case using an archaic-sounding doctrine that brands Staley a “faithless servant” – isn't a great look, but the bank led by Jamie Dimon has more reasons than most to defend itself. His $400 billion firm is being pursued for unspecified damages by a woman who argues that it knew of Epstein’s sex trafficking venture, and is also being sued by the government of the U.S. Virgin Islands. If JPMorgan loses either of the lawsuits in which it is a defendant, it wants Staley to share in the damages. Current or future employees might worry they too could find themselves branded a faithless servant for failing to disclose moral missteps, or having clients who fall from grace. CONTEXT NEWSJPMorgan on March 8 filed a complaint against former executive James “Jes” Staley, for not disclosing his relations with former client and sex offender Jeffrey Epstein.

The Wall Street bank also wants Staley to repay all compensation from 2006 to 2013. Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and denied knowing about the financier's alleged crimes. Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. Staley resigned as Barclays' chief executive in November 2021 amid a dispute with British financial regulators examining his ties to Epstein. The cases are JPMorgan Chase Bank NA v Staley, U.S. District Court, Southern District of New York, No.

☆ JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein
▼ + stars: | 2023-03-09 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase sued its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging that Staley is to blame for any legal fallout from a pair of lawsuits against the bank. The legal maneuver is the latest twist in cases that have embroiled the biggest U.S. bank by assets. Late last year, the U.S. Virgin Islands and a group of alleged Epstein victims sued the bank, accusing it of facilitating the sex offender's crimes. JPMorgan kept Epstein as a private wealth client until 2013, in part because Staley vouched for him, despite internal concerns after Epstein's 2008 conviction on sex crimes. As pressure on the bank increased, JPMorgan went from defending its former executive in recent weeks to shifting the blame for any Epstein fallout to him.

☆ Victoria's Secret is resurrecting its famous fashion show in 2023 after a 4-year hiatus and a total brand revamp
▼ + stars: | 2023-03-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Victoria's Secret is bringing back its famous runway show this year after a four-year hiatus. The lingerie retailer canceled the show in 2019 after criticism, scandal, and lagging sales. Victoria's Secret has previously said the show would eventually return, but never set a date. Victoria's Secret began airing an annual fashion show beginning in 1995. Consumer tastes had begun to change, shifting away from the push-up bras and sexpot style defined by Victoria's Secret and toward more comfortable bralettes and sports bras.

☆ The 5 best phrases to use when calling out your coworker for their microaggressions
▼ + stars: | 2023-03-01 | by ( Julie Kratz | ) www.businessinsider.com time to read: +7 min

Microaggressions — a harmful statement to marginalized groups — are a common example of bias at work. This is when someone witnesses a biased statement and chooses to ignore it or does not take action to call attention to it. To practice being an upstander, the next time you witness a biased statement, consider trying one or more of these five phrases. For severe forms of microaggressions or habitual behavior, a one-on-one conversation is likely best. These phrases can open the conversation, rather than offend or shame others that make well-intentioned mistakes.

☆ Prince Harry and Meghan to lose second home in UK -tabloid
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] Britain's Prince Harry and his wife Meghan, Duchess of Sussex attend a celebration of Nelson Mandela International Day at the United Nations Headquarters in New York, U.S., July 18, 2022. REUTERS/Shannon StapletonLONDON, March 1 (Reuters) - The house used by Prince Harry and his wife Megan when they are in Britain has been offered by King Charles to the monarch's brother, Prince Andrew, although he has turned it down, the Sun newspaper reported on Tuesday. Charles's decision comes in the wake of the couple's damning revelations about Harry's father, his elder brother Prince William and other royals in his recent memoir, a Netflix documentary and a series of TV interviews, the tabloid said. Harry and Meghan moved to Frogmore Cottage within the grounds of the king's Windsor Castle estate to the west of London following their marriage in 2018. After stepping down from their royal duties in 2020, they moved to California to forge new lives and careers, but Frogmore Cottage remained their British base.

☆ Prince Harry and Meghan have been asked to vacate UK home
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] Britain's Prince Harry and his wife Meghan, Duchess of Sussex attend a celebration of Nelson Mandela International Day at the United Nations Headquarters in New York, U.S., July 18, 2022. Earlier, the Sun newspaper reported the house had been offered by the monarch to his brother, Prince Andrew. "We can confirm The Duke and Duchess of Sussex have been requested to vacate their residence at Frogmore Cottage," a spokesperson for Harry and Meghan said. The paper reported that Andrew wants to stay in his current home nearby rather than move to Frogmore Cottage. Harry and Meghan moved to Frogmore Cottage within the grounds of the Windsor Castle estate to the west of London following their marriage in 2018.

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