Banking and Financial Institutions – Page 219

JPMorgan Sues Ex-Executive Accused of Helping Jeffrey Epstein

The bank is seeking to shield itself from damages if a lawsuit filed by the U.S. Virgin Islands proves that James E. Staley knew about Mr. Epstein’s sex trafficking.

By Matthew Goldstein

Banking and Financial Institutions Corruption (Institutional) Gazprombank Money Laundering Panama Papers Russian Invasion of Ukraine (2022) Switzerland

Swiss Bankers Charged With Overlooking Millions Tied to Putin’s Friend

Prosecutors say a cellist with links to Vladimir Putin was allowed to move millions of Swiss francs into a bank with little oversight.

By Nick Cumming-Bruce

Banking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates National Debt (US) Powell, Jerome H United States Economy Warren, Elizabeth

Here’s What the Fed Chair Said This Week, and Why It Matters

Jerome H. Powell, the Fed chair, opened the door to a more aggressive policy path — but emphasized that it depended on incoming data.

By Jeanna Smialek

Banking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy Wages and Salaries

Fed Chair Opens Door to Faster Rate Moves and a Higher Peak

In light of recent strong data, Jerome H. Powell said that the Federal Reserve is likely to raise rates higher than expected.

By Jeanna Smialek