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☆ Opinion: The untold story about Anne Frank’s hiding place
▼ + stars: | 2023-04-20 | by ( Opinion Roy Schwartz | ) edition.cnn.com time to read: +10 min

British actors Bel Powley and Joe Cole play Miep and Jan, with Liev Schreiber as Otto Frank. Only Otto Frank survived. Anne Frank's (1929-1945) world famous diary charts two years of her life from 1942 to 1944, when her family were hiding in Amsterdam from German Nazis. Anne Frank has particularly been in the zeitgeist in recent years, with the 2021 French animated film “Where Is Anne Frank,” a magical retelling of her story loosely based on the 2018 graphic novel; the 2022 Dutch Netflix movie “My Best Friend Anne Frank,” based on the book “Memories of Anne Frank: Reflections of a Childhood Friend”; the controversial, eventually pulled 2022 book “The Betrayal of Anne Frank”; and “After the Annex: Anne Frank, Auschwitz and Beyond,” coming out in May. While 89% have heard of Anne Frank, 32% don’t know she died in a concentration camp.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

☆ Singapore rent prices are still sky-high. Long-time expats are having to consider drastic changes
▼ + stars: | 2023-04-13 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +7 min

If rents continue to grow steadily, more residents will bite the bullet and purchase a property before paying higher prices for rent, Knight Frank's Christine Li said. Whether one's renting a room, an apartment or a house, long-time expatriates living in Singapore are digging deep into their pockets and making drastic changes to cope with rising rents. Some foreigners living here say their landlords may be taking advantage of an overheated property market to jack up prices — with some doubling the rent. "If rents continue to grow steadily, more people will just bite the bullet and purchase a property before paying higher prices for rent," she said. Justin Paget | Stone | Getty ImagesFrancesca said many potential landlords offered her "rent free deals" to convince her to agree to higher prices — that essentially translates to no rent for the first few months.

☆ A Florida school banned an adaptation of Anne Frank's diary because Moms for Liberty deemed it 'sexually explicit'
▼ + stars: | 2023-04-09 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

A Florida school removed a graphic novel adaptation of Anne Frank's diary from its library shelves. Anne Frank's original diary remains in the high school's library. The book, entitled "Anne Frank's Diary: The Graphic Adaptation," was removed from the Vero Beach High School library in Indian River County after a group called Moms for Liberty expressed concerns, according to local news outlet WPTV. "We think true history absolutely needs to be taught, the Holocaust, the Anne Frank diary," Jennifer Pippin, who chairs the Indian River County chapter of Moms For Liberty, told WPTV. Frank's original diary remains in the Vero Beach High School library, Dr. Kyra Schafte, the director of academic compliance and equity for the district, told WPTV.

☆ JPMorgan's dealmaking flurry being scrutinized by US regulator - FT
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

JPMorgan had sued Javice and Olivier Amar, who was Frank's chief growth officer, in Delaware federal court in December. The OCC audit was scheduled before JPMorgan's lawsuit, the report said. Javice filed counterclaims in February, accusing JPMorgan of having "compromised her reputation" and wrongfully withheld $28 million of retention payments and equity. JPMorgan and the OCC did not immediately respond to Reuters request for comment. Reporting by Baranjot Kaur in Bengaluru; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Frank's founder just got hit with federal charges, but questions remain about JPMorgan's handling of the deal
▼ + stars: | 2023-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Drop any Wall Street (or non-Wall Street) questions you have for me here. A quick refresher: JPMorgan accused Javice of juicing Frank's customer numbers in a lawsuit filed at the end of last year. Prosecutors charged Javice with wire fraud affecting a financial institution, securities fraud, bank fraud, and conspiracy. I've joked about it before, but Taylor Swift really should teach a class on this stuff for Wall Street. It's not the president or Wall Street or Congress that's to blame.

Companies JPMorgan Chase & Co FollowNEW YORK, April 4 (Reuters) - The U.S. government on Tuesday filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial planning company Frank, of defrauding JPMorgan Chase & Co (JPM.N) into buying the startup for $175 million in 2021. Prosecutors said that when JPMorgan asked for a list of names, Javice paid an unnamed data science professor $18,000 to concoct a sham list of names. JPMorgan shut down Frank in January, and Chief Executive Jamie Dimon branded the acquisition a "huge mistake" in a Jan. 13 conference call with analysts. In December, JPMorgan sued Javice and Olivier Amar, who was Frank's chief growth officer, in Delaware federal court. Javice filed counterclaims in February, accusing JPMorgan of having "compromised her reputation" and wrongfully withheld $28 million of retention payments and equity.

☆ Frank founder Charlie Javice, who allegedly defrauded JPMorgan out of $175 million, hit with federal charges
▼ + stars: | 2023-04-04 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +4 min

Charlie Javice, who sold her student-aid startup Frank to JPMorgan Chase, was charged with fraud. The bank claimed Javice faked millions of customers to convince it to buy Frank for $175 million. Federal prosecutors in Manhattan charged Javice with wire fraud affecting a financial institution, securities fraud, bank fraud and conspiracy on Tuesday. JPMorgan acquired Frank in 2021 for $175 million, but began to question the authenticity of the startup's purported 4 million users after an email marketing campaign ended in "disaster," according to the bank's lawsuit and a filing by prosecutors. Out of 400,000 emails sent to Frank users, more than 70% bounced back and only 103 were opened, the bank claimed.

☆ Barney Frank pushed to ease financial regulations after taking seat on bank board: WSJ
▼ + stars: | 2023-03-13 | 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 EmailBarney Frank pushed to ease financial regulations after taking seat on bank board: WSJAndrew Ackerman of the Wall Street Journal joins CNBC's Brian Sullivan and 'Last Call' to discuss Barney Frank's efforts to ease financial regulations after he joined the. board of Signature Bank.

☆ Brentford beat Fulham to fuel European dream
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +3 min

LONDON, March 6 (Reuters) - Brentford fuelled their ambition of playing European football with a 3-2 home victory over fellow hopefuls Fulham to extend their unbeaten run in the Premier League to 12 games on Monday. Ivan Toney's second-half penalty and a late effort by Mathias Jensen sealed the points for ninth-placed Brentford against their west London rivals to edge them closer to the European qualification places. Brentford had taken an early lead with a deflected shot by Ethan Pinnock but Fulham hit back shortly before halftime when Manor Solomon scored for the fourth successive league match. The hosts were rampant and Bryan Mbeumo grazed the upright with a free kick before Toney also saw a free kick bounce back off the woodwork. Fulham levelled in the 39th minute when another free kick hit the frame of the goal but this time Andreas Pereira's superb effort bounced down for Israeli Solomon to nod home.

☆ This is how the world's wealthiest people invest their money — from office buildings, to art, to crypto — according to a major survey of the super-rich
▼ + stars: | 2023-03-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Knight Frank's 2023 "Wealth Report" details how ultra-high net worth individuals invest their money. Stocks and shares are the biggest individual contributors, with 26% of the average UHNWI's portfolio held in equities. On March 1, Knight Frank published 2023's "Wealth Report," which details the finances of ultra-high net worth individuals or UHNWIs. And while its report estimates the world's richest people lost over $10 trillion in total, it also shares insights into how the elite's financial portfolios are composed. From vast art collections to crypto and NFTs, this is how the world's richest people store their money.

☆ COVID showed the rich that they can't just go wherever they want, so now millionaires are rushing to get 2nd passports: report
▼ + stars: | 2023-03-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Lockdowns shattered the wealthy's belief that their mobility was foolproof, per consultancy Knight Frank. As such, ultra-high-net-worth-individuals are now increasingly pursuing citizenships or residencies overseas, London-based consultancy Knight Frank said in its 2023 report released Wednesday. "US citizens have a 'good passport' with many travel privileges, but COVID threw these out the door," Surak wrote. "The result has been a huge increase in the number of Americans looking into investment migration options," she added. Many are looking at overseas homes where they can live for a few months per year, or places that offer good healthcare, Surak wrote.

☆ The world's ultra-rich lost about $14 trillion of their wealth in 2022, Knight Frank study shows
▼ + stars: | 2023-03-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The world's ultra-rich lost 13.6%, or $13.8 trillion, of their wealth in 2022, per a Knight Frank report. Just four in 10 ultra-wealthy people saw their wealth rise in 2022, the report says. Just four in 10 ultra-wealthy people saw a boost to their wealth in 2022, but the "overwhelming trend" was negative, Knight Frank said in the report. In 2022, the ultra-rich in Europe experienced the largest decline in wealth with a drop of 17%, followed by Australiasia with 11%, and the Americas by 10%, according to Knight Frank. According to Knight Frank, the ultra-rich parked 32% of their total wealth in their residential properties.

☆ Here are the top ways the world's ultra-rich spent their money last year, including pouring $455 billion into commercial real estate
▼ + stars: | 2023-03-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The world's rich invested $455 billion in commercial properties in 2022, according to Knight Frank's wealth report. Whether in a private capacity or through a family office, the world's wealthy invested $455 billion in commercial properties, according to Knight Frank's wealth report released on Wednesday. Private capital also surpassed investments from institutions, which poured $440 billion in commercial property, down 28% from the year before. Investments in luxury collectibles increased by 16% last year, according to the Knight Frank Luxury Investment Index. Despite the increased investment, the world's ultra-rich ultimately lost $13.8 trillion, or 13.6%, of their wealth in 2022.

☆ We're having loyal Costco shoppers share their grocery lists with us. Here are their favorite things to buy there.
▼ + stars: | 2023-02-21 | by ( Business Insider | ) www.businessinsider.com time to read: +36 min

Read Abigail Abesamis Demarest's full Costco shopping list: I've shopped at Costco for over 10 years. AdvertisementRead Lisa Tanner's full Costco shopping list: I'm a mom of 10 who's shopped at Costco for almost 20 years. Read Tara Zeller's full Costco shopping list: I drive 4 hours and spend $500 for every Costco trip. AdvertisementRead Majed Kassis' full Costco shopping list: I run a Costco fan account with over 390,000 followers. Read Rachel MacPherson's full Costco shopping list: I'm a personal trainer who shops for a family of 6 at Costco.

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☆ The most expensive home in the Caribbean just listed for $200 million – take a look inside
▼ + stars: | 2023-02-19 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

It's located on the small private island of Mustique, which lies in the southern Caribbean nation of St. Vincent and the Grenadines. Last year, Mustique's largest transaction was recorded at about $35 million, according to de Mallet Morgan. Here's a closer look at the most expensive home to ever hit the market in the Caribbean. The Bali Cottages house four more guest bedrooms and surround the estate's third swimming pool. De Mallet Morgan said the estate is currently operated by 18 staff.

☆ The response to HBO's 'The Last of Us' shows homophobia is still a major issue in gaming
▼ + stars: | 2023-02-04 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

Homophobia has long been an issue in the gaming community and larger fandoms. HBO's series is based on the 2013 video game of the same name and is set 20 years after a fungal pandemic leaves the world in ruins. Sunday's episode, titled "Long, Long Time," depicts a gay romance between Bill, played by Nick Offerman, and Frank, played by Murray Bartlett. Echoes of "gamergate" could be seen in criticism against "The Last of Us Part II," the 2020 video game sequel, in which Ellie's sexuality is further explored. On Metacritic, it has a 5.8 user score, while the first game received a 9.2 user rating.

☆ 'The Last of Us' made a major change to a game character. The showrunners explain why it was important to expand on Bill and his love story.
▼ + stars: | 2023-01-30 | by ( Kirsten Acuna | ) www.businessinsider.com time to read: +6 min

Sunday's episode expands greatly on a minor survivor from the video game, Bill (Nick Offerman). The showrunners told Insider why it was important to show Bill's love story with Frank. In the game, Joel and Ellie seek out Bill, shown as a paranoid loner who speaks to himself, to help them fix up a vehicle and carry on across the country. Frank, also his partner in the game, is only seen dead, hanging after committing suicide some time ago after the infected bit him. Bill tells Joel to keep his partner, Tess, safe in the same way he protected Frank for years.

☆ 11 details you may have missed on Sunday's heartbreaking episode of 'The Last of Us'
▼ + stars: | 2023-01-30 | by ( Kirsten Acuna | ) www.businessinsider.com time to read: +2 min

Bill dies on Sunday's episode, but he's still alive in the game. Frank and Bill get to play out their lives differently on "TLOU" series. HBOSunday's episode is a complete expansion on Bill and Frank's game characters. "There's this lovely thread that indicated this hint of a relationship between Bill and Frank in the game," Mazin said. You can watch our conversation with the showrunners on Sunday's episode here.

☆ U.S. targets '08 crisis trader conflicts in new rule, decade after 1st try
▼ + stars: | 2023-01-25 | by ( Douglas Gillison | ) www.reuters.com time to read: +4 min

The rule is among the last to be adopted under the landmark Dodd Frank Wall Street reform legislation of 2010, according to SEC officials. An earlier version of the conflicts rule first proposed in 2011 was never finalized. SEC officials say it would provide exceptions for legitimate activities, such as hedging to mitigate risk, market-making and meeting liquidity commitments. Better Markets, an advocacy organization that promotes more strict financial sector regulation, welcomed Wednesday's rule proposal but vowed to study it. Without citing prominent recent examples of such conflicts of interest in the asset-backed securities market, SEC officials said the conflicts rule was needed to remove the opportunity and incentive for such conduct.

☆ SEC readies Wall Street 'conflicts' rule, a decade after first try
▼ + stars: | 2023-01-25 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

An earlier version of the conflicts rule first proposed in 2011 was never finalized. When made effective with an SEC rule, the section would prohibit traders from betting against asset-backed securities they sold to investors. According to SEC officials, the rule would ban such actions for up to a year following sale of the securities. According to SEC officials, traders who disclosed bets contrary to clients' investments would still run foul of the rule. Without citing prominent recent examples of such conflicts of interest in the asset-backed securities market, SEC officials said the conflicts rule was needed to remove the opportunity and incentive for such conduct.

☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
▼ + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +21 min

Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.

☆ What's next for Goldman following deep cuts and organization overhaul
▼ + stars: | 2023-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

On tap we've got stories on JPMorgan's Jamie Dimon fielding questions about the bank's acquisition strategy, another bank plans to make cuts, and fast food options that won't completely crush your diet. On Wednesday the bank conducted a majority of its cuts, reducing its global workforce by about 6.5%. A few days later, on Friday, the bank reported losses of more than $3 billion since 2020 in the unit that houses the bank's consumer lending business. Meanwhile, some of the recently axed Goldman employees have been left in the dark on what's next for them, according to reporting from Hayley and Emmalyse Brownstein. Here are some fast food options that won't completely wreck your diet.

☆ Frank, the college loan start-up JPMorgan is suing for fraud, was warned by the FTC for misleading students about Covid relief money
▼ + stars: | 2023-01-13 | by ( Katherine Long | ) www.businessinsider.com time to read: +4 min

JP Morgan Chase has accused the student loan platform Frank and its founder Charlie Javice of inventing millions of fake customers to juice its value. In 2020, the Federal Trade Commission warned Frank that it "may be unlawfully misleading consumers" about student COVID relief. The company promised students help accessing the grant money, but all Frank was doing was generating a form letter students could send to university administrators. "We are concerned that Frank is creating false hope and confusion for students while contributing to unnecessary extra work for financial aid administrators," the representatives wrote. The advance wouldn't need to be paid back until "your aid comes in," the company wrote on its website.

☆ JPMorgan's acquisition strategy is coming under fire. Here are the 15 fintech and consumer-focused deals done by the bank since 2020.
▼ + stars: | 2023-01-13 | by ( Carter Johnson | Rebecca Ungarino | ) www.businessinsider.com time to read: +19 min

NutmegDeal details: JPMorgan announced the acquisition in June 2021, paying approximately $1 billion. cxLoyaltyDeal details: JPMorgan said it would buy cxLoyalty's global loyalty division in December 2020. ProxymityDeal details: JPMorgan, Citi, HSBC, and other firms together invested $20.5 million in Proxymity in May 2020. Viva WalletDeal details: JPMorgan said it would acquire 49% of Viva Wallet in January 2022, pending regulatory approval. Christian Petersen-Clausen/Getty ImagesRenovite TechnologiesDeal details: JPMorgan announced on September 12 it plans to acquire Renovite.

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