Prosecutors accused Charlie Javice of inflating Frank’s user base before selling the startup to JPMorgan Chase.
The U.S. Virgin Islands is suing JPMorgan Chase over sex trafficking by former customer Jeffrey Epstein, a one-time friend of Donald Trump and Bill Clinton.
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.
JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources tell CNBC’s David Faber.
Jeffrey Epstein, whose former friends included Donald Trump and Bill Clinton, was a JPMorgan Chase client and owner of property in the Virgin Islands.
One year into its conflict with Russia, which invaded Ukraine in Feb. 2022, Ukraine’s government is laying the groundwork to help rebuild the country.
The founder of a college-planning platform allegedly lied to Chase to convince the bank to acquire it. The company’s claims to consumers were also dubious.
JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.
Regardless of the outcome of this legal scuffle, this is an embarrassing episode for JPMorgan and its CEO, Jamie Dimon.