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☆ Jeffrey Epstein said he stopped hanging out with Trump 'when he realized Trump was a crook,' according to his brother
▼ + stars: | 2023-03-11 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Jeffrey Epstein hinted at his fallout with Donald Trump in an unaired interview, according to his brother. "He stopped hanging out with Trump when he realized Trump was a crook," Mark Epstein told Insider. Trump and Jeffrey Epstein were friends for years, and the nature of their fallout remains hazy. "And in that interview, Jeffrey said he stopped hanging out with Trump when he realized Trump was a crook." Jeffrey Epstein was arrested in July 2019 on sex-trafficking charges and died in jail several weeks later while awaiting trial.

☆ Fact Check-Google Maps does not show ‘Epstein Island’ as the 2024 Democratic National Convention venue
▼ + stars: | 2023-03-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The Maps entry was manually created by a user and later removed for violating the company’s content policy, a Google spokesperson told Reuters. A tweet shared the screenshot showing Little St. James Island in satellite view with an in-picture caption that read, “Look up Epstein Island on Google Maps right now and you’ll find that the Democrat National Convention is being hosted there” (here). Reuters has previously debunked misleading claims about Little St. James, Epstein’s Caribbean island (here). A search for “Epstein Island” on Google Maps shows Little St. James Island but no longer indicates that DNC 2024 will be held there (here!3m1!1e3). A Google spokesperson told Reuters that an edited Maps entry showing “Epstein Island” as a venue for the 2024 Democratic National Convention was removed for violating platform policy requiring that added information be accurate.

☆ Jeffrey Epstein's victims demand answers about the investigation into his death, Gloria Allred wrote in a new letter to the DOJ
▼ + stars: | 2023-03-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

The Justice Department hasn't released its investigation into Jeffrey Epstein's death. Gloria Allred, who represents 20 Epstein victims, asked the DOJ inspector general for answers. "Many of Mr. Epstein's victims question how and why the system failed to prevent the death of Jeffrey Epstein," Allred wrote in the letter. Horowitz launched an investigation into the circumstances of Epstein's death soon after he was found dead in his jail cell. "It is unfair that the victims of Jeffrey Epstein continue to be denied the knowledge of the conditions which existed at MCC that led to Mr. Epstein's death," Allred wrote.

☆ Everyone's freaking out about SVB because everyone else is freaking out about SVB
▼ + stars: | 2023-03-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But the real star — or perhaps supernova — of Thursday was SVB Financial, which saw shares drop as much as 62%. As you can imagine, the past year has not been kind to SVB. SVB had to sell a $21 billion bond portfolio for a $1.8 billion loss (thanks a lot, interest rates!). It wasn't long before reports started rolling in about VCs instructing their founders to get their money out. Here's more on the tech founders trying to calm everyone down amid the chaos.

☆ JPMorgan ordered to hand over more Jamie Dimon records in Epstein lawsuit
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan ordered to hand over more Jamie Dimon records in Epstein lawsuitCNBC’s Eamon Javers joins CNBC's Brian Sullivan and 'Last Call' to discuss the latest developments in former JPMorgan executive Jes Staley’s relationship with Jeffrey Epstein.

☆ Credit Suisse delays annual report after SEC phone call
▼ + stars: | 2023-03-09 | by ( Hugh Son | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit Suisse delays annual report after SEC phone callHugh Son, CNBC.com banking reporter, joins 'Closing Bell' to discuss Credit Suisse delaying its annual report, the SEC's concerns around Credit Suisse, and JPMorgan turning on Jes Staley over his relationship with 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.

U.S. District Judge Jed Rakoff in Manhattan said the bank must turn over requested documents from 2015 to 2019, a period after JPMorgan had dropped Epstein as a client. The U.S. Virgin Islands has called Dimon "a likely source of relevant and unique information" about why JPMorgan kept Epstein on, and discussions on Epstein's referrals of prominent and wealthy potential clients. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. JPMorgan wants Staley to reimburse it for damages it might incur in the other lawsuits, and return eight years of compensation. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ 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.

☆ 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 Justice Department investigated Jeffrey Epstein's death. Then it went silent.
▼ + stars: | 2023-03-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +25 min

Jeffrey Epstein's death in a federal jail was seen as a shocking Justice Department failure. But more than three years later, the office still hasn't released its report into the circumstances of Epstein's death. "We all took it by surprise," Mark Epstein told Insider. Barr tasked the Justice Department's inspector general, Michael Horowitz, and the FBI with investigating "the circumstances of Mr. Epstein's death." Mark Epstein told Insider that he spoke to his brother about once a month in the years before his death.

☆ 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.

☆ JPMorgan Sues Former Executive Jes Staley Over Jeffrey Epstein Ties
▼ + stars: | 2023-03-08 | by ( David Benoit | Khadeeja Safdar | ) www.wsj.com time to read: 1 min

Jes Staley has maintained he was friendly with Jeffrey Epstein but never knew about his alleged crimes. JPMorgan Chase & Co. sued former executive Jes Staley over his ties to Jeffrey Epstein , revealing that Mr. Staley has been accused of sexual assault. The bank is facing lawsuits from the U.S. Virgin Islands and from an unnamed woman alleging it aided Epstein’s yearslong sex trafficking by allowing him to remain a client and helping him send money to victims.

☆ JPMorgan sues former exec over ties to Jeffrey Epstein
▼ + stars: | 2023-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan sues former exec over ties to Jeffrey EpsteinCNBC's Eamon Javers reports that JPMorgan has sued former executive Jes Staley over his alleged ties to Jeffrey Epstein.

☆ JPMorgan Chase sues former executive Jes Staley over Jeffrey Epstein relationship
▼ + stars: | 2023-03-08 | by ( David Goldman | ) edition.cnn.com time to read: +1 min

New York CNN —JPMorgan Chase sued former executive James Edward “Jes” Staley, who was largely responsible for JPMorgan’s 15-year financial relationship with disgraced financier Jeffrey Epstein. By suing Staley, JPMorgan brings its former executive and former Barclays CEO into the court case as a defendant. The US Virgin Islands’ suit did not name Staley as a defendant and he has not been charged criminally with any activities related to Epstein. If successful, JPMorgan’s maneuver could make Staley financially responsible if JPMorgan loses its case. Those email exchanges allegedly continued long after Epstein was convicted, the US Virgin Islands government wrote in its complaint.

☆ Putin's army can't figure out how to use tanks, and the battlefield in Ukraine is littered with burnt wrecks
▼ + stars: | 2023-03-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

According to an open-source intelligence analysis by Oryx, more than 1,780 Russian tanks have been destroyed, damaged, captured, or abandoned since Moscow launched its invasion in February 2022. Due to the design of many of Russia's tanks, a hit can cause the ammunition to detonate, killing the crew as the overpressure blows the top off. And it's "questionable" how well Russia's tanks are integrated into its overall operations. A destroyed Russian tank covered by snow stands in the village of Kamyanka, Kharkiv region, Ukraine, Saturday, Jan. 14, 2023. AP Photo/Vadim Ghirda, FileClearing a minefield is a slow, complicated, and deliberate process that involves several steps, but Russian tanks appear to drive right through them.

☆ Putin's top troops are being 'decimated' as Russia relies too much on so-called 'elite' forces to wage war in Ukraine
▼ + stars: | 2023-03-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Several so-called "elite" Russian units have suffered heavy casualties on the battlefield in Ukraine. The 155th is only the latest so-called "elite" Russian unit to face serious setbacks on the battlefield. An abandoned Russian military tank left in the Ukrainian city of Balakliia after Russian Forces withdrew from the Kharkiv region on September 15, 2022. So I think it's much more of a blow to Russia's ground force's combat power than it is to their reputations." Russia's military leadership has at times faced criticism and even domestic outrage over its decision-making.

☆ 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.

NEW YORK, Feb 28 (Reuters) - Ghislaine Maxwell asked a U.S. appeals court to throw out her conviction for helping the financier Jeffrey Epstein sexually abuse teenage girls, saying she was immune from prosecution and citing a slew of errors that allegedly tainted her trial. Circuit Court of Appeals in Manhattan, Maxwell said that if her conviction and the underlying indictment were not thrown out, she deserved a new trial or a resentencing. Maxwell, 61, is serving a 20-year prison sentence after a Manhattan jury convicted her in December 2021 on five charges for recruiting and grooming four girls for abuse by Epstein between 1994 and 2004. Epstein died in 2019. Reporting by Jonathan Stempel in New York; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

[1/3] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. The U.S. Virgin Islands is seeking damages from JPMorgan for missing red flags about Epstein's misconduct on Little St. James, a private island he owned there. Dimon and Staley, who later served as Barclays Plc's (BARC.L) chief executive, are not defendants in either lawsuit. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Maxwell, 61, is expected to present her legal arguments in a filing with the 2nd U.S. Epstein killed himself at age 66 in a Manhattan jail cell in August 2019, one month after being charged with sex trafficking. Maxwell is expected to claim that prosecutors charged her long after a five-year statute of limitations expired. At Maxwell's trial, the four accusers said Maxwell and Epstein at first made them feel welcome in their orbit before subjecting them into giving Epstein sexualized massages. Prosecutors are expected to respond to Maxwell's filing before the appeals court hears oral arguments.

In a Thursday filing in Manhattan federal court, the U.S. Virgin Islands said JPMorgan's wrongful conduct continued at least until August 2019, when Epstein killed himself. The U.S. Virgin Islands called Dimon "a likely source of relevant and unique information" about decisions to retain Epstein as a client, and discussions on Epstein's referrals of prominent and wealthy potential clients. According to the filing, the business referral relationship continued after Epstein stopped being a client. The U.S. Virgin Islands is suing JPMorgan for unspecified damages, saying the bank should have known about its "high-risk" former client's misconduct on a private island he owned there. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

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