Jamie Dimon, CEO of JPMorgan Chase, is set to be deposed over his organization’s ties with the late pedophile and rapist Jeffrey Epstein. Morgan will be required to give testimony under oath in two different civil suits related to Epstein. Meanwhile, Dimon is part of a $30 billion effort to try and save First Republic bank.
the U.S. Virgin Islands and one of Jeffrey Epstein’s victims have each filed separate civil suits alleging that the bank is liable for the transfer of funds belonging to Epstein they allege are owed to them.
As for First Republic, Treasury Secretary Janet Yellen personally asked Jamie Dimon to step in after the bank failed. Its failure came just days after Silicon Valley Bank crashed, and Yellen was worried there could be a run on the banks that would lead to another crash like the one that happened in 2008 with the sub-prime mortgage debacle.
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According to a report in the New York Times, the two came up with a plan whereby 11 different banks would collectively raise the $30 billion to save First Republic. But the bank’s shares are still down about 90% and so it is not clear if the bail out did any good. So, now Jamie Dimon and JPMorgan could just plain buy the bank.
“If my government asks me to help, I’ll help,” said Jaimie Dimon.
Jamie Dimon is Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., a global financial services firm with assets of $3.2 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small businesses, commercial banking, financial transaction processing and asset management.
Dimon became CEO on January 1, 2006, and one year later also became Chairman of the Board. He was named President and Chief Operating Officer upon the company’s merger with Bank One Corporation on July 1, 2004. Dimon joined Bank One as Chairman and CEO in 2000.