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The Latest Breaking News from JPMorgan Chase

US Virgin Islands subpoenas Elon Musk documents for lawsuit concerning Jeffrey Epstein's bank, JPMorgan Chase

The government of the US Virgin Islands has issued Tesla chief Elon Musk with a court order for documents in its lawsuit that is seeking to hold an American bank, JPMorgan Chase, liable for sex trafficking acts by Jeffrey Epstein.

ABC News

US Virgin Islands says it can't find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

The government of the U.S. Virgin Islands is asking a federal judge to help it serve billionaire Elon Musk with a subpoena for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein

The Independent UK

Elon Musk subpoenaed for documents in Jeffrey Epstein litigation

The US Virgin Islands has summonsed the Tesla CEO for documents in its lawsuit against JPMorgan Chase.

Crikey

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Narrow Breadth of Stock Rally Fuels Skepticism

The concentration of large-cap stocks leading the overall market higher this year has raised skepticism among some analysts about whether the market can sustain its momentum. According to U.S. Bank Wealth Management, this year’s robust stock market gains have occurred among a small group of names, with most of the...

Barchart

US Economy On The Edges As Banks Continue To Fail And The Fed Raising Interest Rates

The S&P 500 logged a weekly gain following the release of encouraging inflation data and a weaker-than-expected first-quarter.

Zenger

Markets Today: Stocks Lower as U.S. PPI Eases but Regional Bank Stocks Fall

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.49%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.94%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.1%. U.S. stock indexes this morning are lower. U.S. weekly...

Barchart

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

Barchart

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Frank Founder wins round against JPMorgan Chase

JPMorgan Chase fired Charlie Javice in November 2022. Now the bank must pay her legal fees, according to a Delaware Chancery Court ruling.

Fortune

Buffett Says More Bank Runs Would Have Occurred Without Government Guarantee

Protecting the assets of Silicon Valley Bank and Signature Bank avoided what Warren Buffett, CEO of Berkshire Hathaway, said would have been a "catastrophic" scenario on the banking system.

The Street

Market Rally Finishes Strong; Regional Banks, Fed Rate Hike, Jobs Report, Apple In Focus: Weekly Review

The major indexes retreated for most of the week on banking fears, but rebounded Friday on a strong jobs report and bank stocks roaring back.

Investors Business Daily

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

WEKU

Frank founder in talks with DOJ to dismiss case against her

The millennial founder sold her startup Frank to JPMorgan but was then accused of misleading the bank about the number of customers it had.

Fortune

Will PacWest Be the Next U.S Bank to Collapse?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

The Street

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

WEKU

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The Street

Is PacWest the Next U.S. Bank to Collapse?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

The Street

Which U.S. Bank Will Collapse Next?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

The Street

Four U.S. Banks Have Collapsed. Which One Is Next?

Four U.S. regional banks failed in March and April. Stocks of smaller banks continue to sell off, a sign that the banking crisis is not over despite regulators' efforts.

Fortune

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

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Fortune

JPMorgan Chase wants Charlie Javice to give back her passwords

The two sides continue to battle it out in court as a judge has yet to rule on whether JPMorgan must pay Frank founder Charlie Javice's legal fees.

Investors Business Daily

8 IPOs, 14 Dividend Stocks, Plus Earnings Give Investors A Workout

As top dividend stocks ExxonMobil, BP, Shell and VICI get tested, ONON stock and seven other IPO stocks show strength.

The Street

Elon Musk Backs Risky Idea to Stop Bank Runs

The failure of three U.S. regional banks since March was caused by bank runs.

AFP

Fresh rout of US regional banks despite First Republic deal

New York (AFP) - Shares of US regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.

Investors Business Daily

Bank Stocks Retreat After Fed Rate Hike. Goldman Sachs Sees Regional Bank Risk After First Republic

Bank stocks continue sliding after the Fed announced a quarter-point interest rate hike Wednesday to a range of 5% to 5.25%.

The Street

Elon Musk Endorses Unpopular Idea to Solve the Banking Crisis

The failure of three U.S. regional banks since March was caused by bank runs.

AFP

Stocks slide, dollar mixed before rate calls

New York (AFP) - European and US stock markets fell Tuesday ahead of key interest rate decisions on both sides of the Atlantic this week, and worries about banks continued to haunt investors.

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