Free Republic

In the classroom, the boardroom, and at the speaker’s dais, the former chair of the joint chiefs cashes in. SINCE RETIRING FROM the military last year, former Chair of the Joint Chiefs of Staff Army Gen. Mark Milley has become a senior adviser to JPMorgan Chase bank, joined the faculties of Princeton and Georgetown, and embraced the lucrative paid speaking circuit. From military pay of $204,000 a year, Milley is sure to skyrocket to compensation in the millions, especially because he is represented by the same high-powered speakers’ agency as Hillary Clinton, who faced criticism in 2016 for her paid...

Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job cuts. The board awarded her total compensation of $26 million, ... The $26 million for Fraser was the lowest among CEO rivals at JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, who received between $29 million and $37 million. Bank of America's Brian Moynihan was the only CEO among this group to experience a compensation decline. ... Fraser had a lot...

A criminal IRS investigation into Hunter Biden — President Biden’s son — appears to have convened a grand jury as far back as May 2019, a confidential subpoena served to JPMorgan Chase bank reveals. The subpoena also seeks bank records of James Biden, the president’s brother, which appears to be the first time another Biden family member has surfaced in connection with the investigation. The document, obtained by Breitbart News, specifically demands information on related transactions between JPMorgan Chase Bank, which the document calls “correspondent bank,” and the Bank of China, which the document calls the “originating or beneficiary bank.”...

JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors (SSGA) on Thursday announced that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements. In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years. BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance's...

Almost $60 million in debt backed by 1515 Market St. was transferred to special servicing in December, adding the 20-story building to the growing list of distressed office properties surrounding City Hall. The building's owner, Florida-based Accesso Partners, has a $59.4 million balance on the loan it took out to acquire 1515 Market for $85 million in 2014. The loan, which was originated by JPMorgan Chase & Co. before being converted into a commercial mortgage-backed security (CMBS) and sold to investors, is set to mature in January 2025. Contacted by the Business Journal for comment, Accesso issued a statement saying...

JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements. In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years. BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance's climate initiatives...

Jamie Dimon is the CEO of JPMorgan and describes himself as “barely a Democrat.” His name has often been floated as a potential candidate for president, and at 68, he seems positively youthful compared to the two frontrunners for president this year. He could run 4 or 8 years from now and still get consideration–although you can bet that Gavin Newsom, Kamala Harris, Elizabeth Warren, Bernie Sanders, Gretchen Whitmer…well, you get it, a lot of Democrats are ahead of him in line for the top slot. They wouldn’t roll over to let him take the top prize. Not only that,...

At this point in the vaccine rollout, most believe that there’s nothing that can be done to convince those who refuse to get vaccinated to change their minds. President Biden’s attempts to force a federal mandate on workers via OSHA was blocked by the courts. But that hasn’t stopped Wall Street from barring the unvaccinated from its facilities, even though vaccinated employees are just as likely to spread the virus. Not long after Citi became the first megabank to announce plans to fire workers who refused to comply with vaccination policies, private equity giant Blackstone will now prohibit any workers...

One of J.P. Morgan strategist Michael Cembalest's predictions on his list of "Ten Surprises for 2024" is getting a lot of attentwidion beyond just folks interested in the market and investing. It's because Cembalest's third predicted "surprise" is that Joe Biden will pull out of the election between Super Tuesday and November, for health reasons.pic.twitter.com/QvUyY1ZJBI— Dr. Nickarama (@nickaramaOG) January 7, 2024Super Tuesday is the day that you have a lot of the states holding primaries and caucuses. This year, that's March 5. Cembalest says that after Biden steps down due to health, the Democratic National Committee will name a replacement...

There may be light at the end of the tunnel for Americans struggling to afford a home, but it will take at least three and a half years to get there, according to Joe Seydl, JPMorgan’s senior markets economist.Why three and a half years?According to Seydl, that’s when Americans' paychecks will catch up to soaring housing costs. That translates to an annual income growth of 7%.“If you are looking to buy a house in the United States, don’t wait for, or expect, a home price crash,” Seydl wrote in a research report.“We don’t foresee one coming (thankfully), nor do we...

The New York Times reported on the 9th November, that a federal judge had approved the $290 million settlement of a class-action lawsuit brought by the sex abuse victims of Epstein against JPMorgan Chase—a close mutual business associate of both Gates and Epstein. Over this past year, JPMorgan has agreed to pay an additional $75 million—for a combined total of $365 million—to settle another lawsuit relating to its established banking relationship with Epstein.“The suits revealed that JPMorgan facilitated approximately $1 billion in transfers for Epstein which the bank admitted were “human trafficking” related.” according to author of new book, Controligarchs:...

JPMorgan Chase will pay $75 million to settle claims brought by the U.S. Virgin Islands relating to the bank’s dealings with deceased financier and sex offender Jeffrey Epstein. The settlement caps a months-long legal saga in which JPMorgan faced claims of facilitating Epstein’s trafficking of underage women. Bank CEO Jamie Dimon was deposed, as were other executives, and Sen. Tina Smith (D-Minn.) started a probe. The bank had already agreed to pay $290 million to settle a class action suit brought by Epstein’s victims. Deutsche Bank has paid $75 million to resolve similar claims involving Epstein, who died in jail...

For two decades, the U.S. Virgin Islands’ most prominent government and elected officials - as well as their pet charities, educational institutions and causes - were paid millions of dollars by Jeffrey Epstein in the form of salaries, campaign contributions and consultant fees. His most trusted employee was the U.S. territory’s first lady. At the same time, USVI authorities paid little mind to the young women and girls he shuttled through the St. Thomas airport following his 2008 Palm Beach conviction for soliciting a minor for sex. Epstein’s abuse of underage girls became so well publicized that his hideaway, an...

For those who think the truth about the crime and slime associated with Jeffrey Epstein has been deep-sixed down the memory hole, there may be another bite at this rotten apple. Mimi Lui, an attorney representing the U.S. Virgin Islands, has filed suit in federal court against JPMorgan Chase. Lui charged that over $1 billion in suspicious transactions have been reported to the U.S. Treasury since Epstein’s death and that JPMorgan Chase ignored sex-trafficking red flags over many years, thus enabling these crimes. ... The Virgin Islands currently wants a minimum of $190 million from the financial giant for its...

NEW YORK, Aug 31 (Reuters) - A lawyer for the U.S. Virgin Islands said on Thursday that JPMorgan Chase (JPM.N) told U.S. authorities it processed more than $1 billion for Jeffrey Epstein over 16 years. JPMorgan reported the transactions as suspicious to the U.S. Treasury Department following Epstein's suicide in 2019, Mimi Liu, a lawyer for the territory, said at a hearing concerning its lawsuit against the largest U.S. bank. Reuters did not view the bank's disclosures to the Treasury, which are not public. A JPMorgan spokesperson declined to comment. Epstein had been a JPMorgan client from 1998 to 2013,...

Banks routinely snitch on customers and even deny services to people politicians don’t like. The House Judiciary Committee is investigating banks for sharing Americans' financial information with the FBI without regard for privacy concerns. In fact, there's no doubt about the threat to civil liberties posed by the government's leverage over the financial industry; that's long established. At question in this investigation is whether the danger to our freedom inherent in that cozy relationship is being wielded in political warfare between the country's political factions. But the larger problem should be fixed no matter what lawmakers discover. "Today, Chairman Jim...

According to court records made public by the Southern District of New York on Tuesday, disgraced elitist pedophile Jeffrey Epstein introduced Kathryn Ruemmler, an attorney for the Obama White House, and staffers of JPMorgan Chase in 2019. The bank was contacted by Epstein’s financial assistant, who suggested Ruemmler as a client, which the bank accepted despite having previously dropped Epstein as a client because of “red flags.” After serving as Obama’s longest-serving White House general counsel, Ruemmler later went on to take the position of general counsel at Goldman Sachs. The report was released in response to a lawsuit filed...

Jamie Dimon is between a rock and a hard place. He is either going to have to convince a jury come October that he was left in the dark by the bank’s general counsel, his compliance and money laundering executives, and the heads of his investment bank and asset and wealth division about the fact that notorious child molester Jeffrey Epstein was a client at the bank for more than a decade – which would make Dimon sound so isolated as to be unfit to be running the bank – or Dimon is going to have to admit that he...

Last month, JP Morgan Chase Bank canceled all my business bank accounts, along with the personal accounts of our CEO, CFO and their respective spouses and children. Over the past three-plus years, countless people and organizations have been cut off from online payment services and banking services for their views alone. What makes our current case unique is that Chase is expanding the punishment to key employees of my business and their families — people who literally have nothing do to with me. What we’re seeing is the weaponization of finance, where people whose views or actions go against the...

JPMorgan Chase is back to debanking. Once again, it’s not providing any explanations. And once again it’s targeting people who dare to question the Left Government/Woke Business conspiracy against liberty. At about the same time, it appears, Chase debanked, without warning, Drs. Syed Haider and Joseph Mercola. Wait, no. Not just them, but also Dr. Mercola’s employees – and his and their families. All without explanation. These debankings don’t come without context. You may recall that last fall Chase debanked Senator, Ambassador and Governor (so, you know, pretty well respected) Brownback’s religious liberty organization, after having debanked General Flynn and...