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 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...

JPMorgan Chase CEO Jamie Dimon slammed Democratic messaging about MAGA, or “Make America Great Again,” Republicans on Wednesday, telling Democrats to “grow up” and “listen” to supporters of former President Trump. “When people say MAGA, they’re actually looking at people voting for Trump and … they’re basically scapegoating them,” Dimon told CNBC’s “Squawk Box.” “I don’t like how [Trump] said things about Mexico … but he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” Dimon continued. “And I think people should be a little more respectful of our fellow citizens.”

Top U.S. bank JP Morgan Chase on Friday reported $49.6 billion in profits for 2023, a record for the bank, despite a sector crisis that shut down multiple smaller institutions. Profits for the year were up for the bank despite net income bringing in only $9.3 billion in the fourth quarter, falling 15%, while the company brought in $39.9 billion in net revenue, up 12% for the quarter, according to JP Morgan’s fourth quarter earnings report. JP Morgan’s record profits come after a year of crisis for the sector, starting with a bank run in March at Silicon Valley Bank...

Three US banking giants have just had their ratings downgraded to “negative” by Moody’s. Moody’s Investor Service downgraded JPMorgan Chase, Wells Fargo and Bank of America to negative ratings after previously classifying them as stable, MarketWatch reports. Analyst Peter E. Nerby of Moody’s said that the worsening outlook on bank debt was due to “the potentially weaker capacity of the government of the United States of America (Aaa negative) to support the U.S.’s systemically important banks.” In particular, JPMorgan’s downgrade was partially because the bank runs a “complex” capital markets business that may post “substantial” risks to its creditors. A...

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 admitted to pressuring the financial software company Intuit into preventing gun sellers from using the company’s payment processing services, according to a letter Sen. Ted Cruz sent Monday after looking into the policy. Bank of America, meanwhile, denied pressuring Intuit into banning gun manufacturers from using its famous QuickBooks software. “Woke big banks are increasingly weaponizing their power to cut off law-abiding businesses from accessing banking services,” Cruz, R-Texas, told The Daily Signal in an email statement Monday. [snip] Intuit, the financial software company best known for producing QuickBooks, had adopted an acceptable use policy previously listing “guns...

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...

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...

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...

JPMorgan Chase handled more than $1.1 million in payments from Jeffrey Epstein to “girls or women” after the giant bank says it fired the sex offender as a client, a lawyer for the U.S. Virgin Islands told a judge Monday. Many of the girls or women had Eastern European surnames, the attorney, Linda Singer, wrote to Manhattan federal Judge Jed Rakoff.

LONDON, NatWest CEO Alison Rose stepped down with immediate effect on Wednesday after she admitted to a "serious error of judgment" in discussing former Brexit party leader Nigel Farage's relationship with the bank with a BBC journalist. ... NatWest has faced intense political and media scrutiny over a decision by its private bank Coutts to close Farage's accounts. An internal review .. showed Coutts' wealth reputational risk committee had said his values did not align with the bank's own. ... Some major NatWest investors are also applying pressure on the bank's chair Howard Davies to step down for mishandling the...

Kentucky Attorney General Daniel Cameron, a Republican who is also running for governor, secured a pledge from JPMorgan Chase that may help protect conservatives from the threat of “debanking”—when banks cut off services over the religious or political stance of a customer, including nonprofits. Cameron slammed the “hypocrisy that we see from big businesses.” Speaking with “The Daily Signal Podcast,” Cameron notes that corporations “will promote the ideas and the agenda of the far Left, but they remain quiet or dismissive of protecting the First Amendment rights of religious organizations and—dare I say—the majority of Americans who firmly believe that...

Lawyers for one of Jeffrey Epstein's accusers want a second chance at deposing JPMorgan Chase CEO Jamie Dimon, telling a federal judge Friday that the bank took too long to turn over hundreds of documents they could have used when they questioned him under oath last month. In a letter to Judge Jed Rakoff, an attorney for the Epstein victim wrote that JPMorgan's "untimely" and "inexplicably slow" delivery of documents was a strategic move. "By way of background, in May this Court admonished JPMC for producing documents at an inexplicably slow rate," the lawyer, Sigrid McCawley, wrote Friday. The admonishment...

Two more banks have been subpoenaed by the House Oversight Committee as a result. ------------------------------------------- Rep. Marjorie Taylor Greene has revealed that the Federal Bureau of Investigation has at least two more FD-1023 forms, which relate to informants, relating to the Biden family’s business ventures. Two more banks have been subpoenaed by the House Oversight Committee as a result. Greene revealed on Human Events with Jack Posobiec that the discovery came after reviewing the FBI informant document on Thursday, which revealed that Biden during his time as Vice President received $5 million from Burisma, the Ukrainian energy company his son...

As the global economic intelligentsia debates how to “decouple” or “de-risk” from China, Elon Musk clearly didn’t get the memo. The Tesla founder was feted like a returning king in Beijing this week. From the moment his private jet arrived on Tuesday, Musk is reportedly being called “Brother Ma,” putting him in rarified league with Alibaba billionaire Jack Ma. There are many takeaways from Musk’s first China visit in three years. One is that not everyone is decoupling from China, least of all the globe’s most influential electric-vehicle (EV) evangelist and owner of Twitter. Another: the future of EV production...

Hunter Biden sent an email to the manager of his Washington, D.C. office building in September 2017 asking her to make keys for his “office mates” Joe Biden and Gongwen Dong, who he said was the “emissary” for the chairman of the Chinese energy conglomerate CEFC. Hunter Biden’s dealings with CEFC in 2017 were at the center of Tony Bobulinski’s October allegation that Joe Biden was “plainly familiar” with his family’s Chinese business dealings. Multiple news outlets have reported this week that a federal investigation into Hunter Biden’s “tax affairs” is focused on his foreign business activities, including with CEFC....

A group of attorneys general from across the U.S. is going after one of the country’s largest banks, which it claims treats some Christians unfairly. In a letter recently sent to JP Morgan Chase CEO Jamie Dimon, the groups said the bank preaches “openness and inclusivity,” but it has “persistently discriminated” against some religious liberty groups. “Chase cannot call itself ‘inclusive’ and say that it ‘opposes discrimination in any form’ while simultaneously disenfranchising its clients over religious and political differences,” Kentucky Attorney General Daniel Cameron, who took the lead in the effort, said. “I’m leading this coalition to stand up...