Tag: Jamie Dimon

JPMorgan CEO Jamie DimonJ
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May 24, 2023

JPMorgan CEO Jamie Dimon Warns About High Interest Rates And Real Estate Crisis

Economists and JPMorgan Chase CEO Jamie Dimon share concerns regarding the $20 trillion commercial real estate (CRE) industry in the United States. During his company's shareholder meeting, Dimon warned about the repercussions of the regional banking crisis on commercial real estate lending. Deposit runs have already led to the collapse of three U.S. banks this year, and now there is a growing crisis in the commercial real estate sector.
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Deutsche Bank HQ in FrankfurtD
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May 18, 2023

Deutsche Bank To Pay $75 Million To Settle Jeffrey Epstein Lawsuit!

The WSJ reports that Deutsche Bank has reached a settlement of $75 million in a proposed class-action lawsuit accusing the bank of aiding Jeffrey Epstein‘s..
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Payvision wih T1 Payments in the financial crime sceneP
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April 5, 2023

Payvision And Frank: The Two Big FinTech Takeover Disasters And The Different Consequences.

Recently, Charlie Javice was arrested in New York and charged with fraud. She is the founder and former CEO of fintech Frank, which JP Morgan bought for $175 million. She allegedly misled JP Morgan about the true state of the company. In 2018, ING acquired Payvision, founded by Rudolf Booker, at a valuation of €360 million. ING expected Payvision to be a different company. The fintech made most of its revenue from merchants in the porn and gambling sectors - and with scammers.
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Payvision accused of financial crimeN
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March 3, 2023

Not ING! How U.S Banking Giant JP Morgan Deals With Its Disastrous FinTech Takeover Deal!

In the U.S., the banking giant JP Morgan paid $175 million for Frank, a fintech startup founded by former CEO Charlie Javice in 2016. Frank offers software to improve the student loan application process for young Americans seeking financial aid. Now, JP Morgan is suing the 30-year-old founder and the startup's former Chief Growth Officer, Olivier Amar for allegedly lying about its scale and success by creating an enormous list of fake users to entice the financial giant to buy it.
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JPMorgan issues Q2 reportJ
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July 15, 2022

JPMorgan Chase Sees Economic Hurricane But Not Necessarily A Recession!

The banks' reporting season has begun in the US and the experts hope to obtain indications of the development of the economy. The Q2 profits at JPMorgan Chase, the largest US bank, fell 28% from a year earlier, but the institution's experts are seeing few signs of a recession. While customers are still spending and businesses are still borrowing, investment-banking revenue fell sharply. The JPMorgan report suggests that more uncertainties than normal would drag down big corporate activity such as mergers and acquisitions.
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