JPMorgan CEO delivers brutal reality check straight to the heart of Democrats for attacking Trump supporters: 'Grow up'



JPMorgan Chase CEO Jamie Dimon is trying to offer Democrats and the media political wisdom about Donald Trump.

Speaking on CBNC's "Squawk Box," Dimon warned on Wednesday that constantly attacking Trump, his supporters, and the "Make America Great Again" agenda will ultimately backfire on President Joe Biden and the Democratic Party.

"I think this negative talk about MAGA is going to hurt Biden's election campaign," Dimon predicted. "I wish the Democrats would think a little more carefully when they talk about MAGA."

The billionaire banker was referring to the Democratic Party's habit of mocking Trump supporters as "deplorable" or simple-minded Americans who hug "their Bibles and their beer and their guns."

"Can we stop that stuff and actually grow up and treat other people respectfully and listen to them a little bit?" Dimon said. "I think people should be a little more respectful of our fellow citizens."

In fact, Dimon suggested those in the media need to be more introspective and they need try to understand why so many Americans support Trump.

For Dimon — who personally identifies as someone with a "Democrat heart and a Republican brain" — the reasons why Americans support Trump are clear: Trump "wasn't wrong" about some of the most pressing issues impacting America and the world today.

"When people say MAGA, they're actually looking at people voting for Trump and they're basically scapegoating them — that you are like him — but I don't think they're voting for Trump because of his family values," Dimon said.

"If you just take a step back, be honest: He's kind of right about NATO. Kind of right about immigration. He grew the economy quite well," he explained. "Tax reform worked. He was right about some with China. I don't like how he said things about Mexico— but he wasn't wrong about some of these critical issues. And that's why they're voting for him."

During his interview, Dimon also provided his economic forecast and warned against wearing rose-colored glasses.

"I think it is a mistake to assume that everything is hunky-dory," he said.

"When stock markets are up, it's kind of like this little drug we all feel, like it's just great," he continued. "But remember, we've had so much fiscal monetary stimulation so I'm a little more on the cautious side that we are facing a lot of things in '24 or '25 and we mentioned Ukraine, the terrorist activity in Israel, the Red Sea, quantitative tightening ... and obviously the politics."

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JPMorgan Chase's relationship with Jeffrey Epstein comes back to haunt bank to the tune of $290 million



JPMorgan Chase has agreed to pay Jeffrey Epstein's victims nearly $300 million.

Last November, a victim of Epstein filed a lawsuit in federal court on behalf of victims whom Epstein sexually abused. Many of the victims — a total that may number more than 100 — were teenagers and young adults when the abuse happened.

The bank, the largest in America, provided services to Epstein from 1998 to 2013. The lawsuit claims that JPMorgan Chase maintained its relationship with Epstein, whom the bank designated as a "high risk client," despite rumors that he engaged in human trafficking teenagers and young women for sex. The bank overlooked numerous red flags, the lawsuit alleged, because of Epstein's wealth and his access to powerful people.

In a statement, JPMorgan Chase said:

We all now understand that Epstein’s behavior was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man.

Any association with him was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes," the spokesperson added.

JPMorgan agreed to pay the victims $290 million, disclosed David Boies, one of the attorneys representing the victims. The settlement must still be approved by the court.

News of the settlement comes weeks after Deutsche Bank, which succeeded JPMorgan Chase as Epstein's primary banking institution, agreed to pay Epstein victims $75 million.

JPMorgan Chase CEO Jamie Dimon sat for a deposition in the case last month. During the interview, he denied knowing about Epstein until his arrest for sex trafficking in 2019. JPMorgan Chase officially blames former executive Jes Staley for ignoring Epstein's red flags and maintaining the bank's relationship with Epstein.

The bank has sued Staley, demanding a return of his compensation from 2006 to 2013, which amounts to as much as $80 million. JPMorgan Chase also wants to make Staley financially liable for damages to which the bank may be liable over its relationship with Epstein.

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JPMorgan downgrades Target's stock, cites 'consumer pressures and recent company controversies'



JPMorgan Chase, the largest bank in the United States, has downgraded Target's stock.

Analysts at the bank downgraded the retailer's stock from "overweight" to "neutral." This means that financial analysts were bullish on Target's stock, meaning they thought its share price was a good value compared to other stocks in its market. Generally speaking, "overweight" stocks are considered strong buys with valuable returns.

A "neutral" stock, then, is one that analysts believe is neither of good nor poor value.

JPMorgan analyst Christopher Horvers attributed the stock downgrade to market shifts and "recent company controversies."

"We continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods (51% of [Target’s] sales) is ongoing," Horvers said, Market Watch reported.

"While still positive on a [three-year] basis, [Target] has been giving back share on a [one-year] view and we believe this share loss could accelerate into back to school and linger into holiday given consumer pressures and recent company controversies," Horvers explained. "This could turn [Target’s] traffic negative after an impressive run of 12 consecutive positive quarters."

Target became the target of backlash last month over an assortment of controversial products, including LGBTQ onesies, "tuck-friendly" bathing suits, drag queen books for children, and clothing promoting satanism.

Target eventually pulled some of the controversial products from its shelves and moved other controversial items to the rear of stores.

The retail giant's stock tumbled for nearly two weeks straight over the backlash. Some observers suggested Target may have faced the same fate as Bud Light. But on Thursday, Target finally snapped the streak of consecutive losing days on Wall Street.

Still, Target's stock has dropped 12% in 2023 despite the S&P 500 index making healthy gains.

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'Say hi to Snow White': Jeffrey Epstein offered 'Disney princesses' to top JPMorgan exec, trafficking victims paid over $1 million from accounts at megabank, unsealed docs say



Newly unsealed court documents show Jeffrey Epstein had a very chummy relationship with a former top JPMorgan Chase executive and would email photos of young girls. The U.S. Virgin Islands' lawsuit against JPMorgan Chase also said that at least 20 trafficking victims of Epstein were paid more than $1 million through accounts at the megabank.

JPMorgan flags Jeffrey Epstein as a 'high-risk' client

In 2006, JPMorgan Chase flagged Epstein as a "high-risk" client after he was being investigated by the Palm Beach Police Department and the FBI over sex assault accusations by at least 40 victims, including 34 confirmed minors and a girl as young as 14.

According to the lawsuit, JPMorgan's Global Corporate Security Division flagged “several newspaper articles ... that detail the indictment of Jeffrey Epstein in Florida on felony charges of soliciting underage prostitutes."

In 2011, Epstein confidante Ghislaine Maxwell was also flagged by the bank.

Court documents say, "Maxwell wanted to set up an account for her ‘personal recruitment consulting business.'"

A JPMorgan director with the bank's anti-money-laundering program reportedly asked in an email, "What does she mean by personal recruitment?? Are you sure this will have nothing to do with Jeffrey? If you want to proceed, I suggest that we flag this as a High-Risk Client."

Epstein reportedly used JPMorgan accounts to pay trafficking victims

Despite being flagged as a "high-risk" client, Epstein was reportedly able to pay trafficking victims through JPMorgan Chase accounts.

"These women were trafficked and abused during different intervals between at least 2003 and July 2019, when Epstein was arrested and jailed, and these women received payments, typically multiple payments, between 2003 and 2013 in excess of $1 million collectively," court documents stated. "Epstein also withdrew more than $775,000 in cash over that time frame from JPMorgan accounts, especially significant as Epstein was known to pay for 'massages,' or sexual encounters, in cash."

The lawsuit claims that Epstein sent money to the MC2 Modeling Company – a French modeling agency owned by Jean Luc Brunel. Epstein accuser Virginia Roberts Giuffre claimed that Brunel procured women – including minors – for the disgraced financier.

According to court documents, "Financial information also reflects payments drawn from JP Morgan accounts of nearly $1.5 million to known recruiters, including to the MC2 modeling agency, and another $150,000 to a private investigative firm."

Brunel was arrested in December 2020 at Charles de Gaulle Airport in Paris as he was attempting to board a flight to Dakar, Senegal.

Paris Prosecutor Remy Heitz said Brunel was "suspected of having committed acts of rape, sexual assault, and sexual harassment on various minor or major victims and of having, in particular, organized the transport and accommodation of young girls or young women on behalf of Jeffrey Epstein."

Brunel committed suicide in a French prison cell while awaiting trial in February 2022.

Epstein allegedly offered 'Disney princesses' to top JPMorgan exec

Epstein was also apparently close friends with a top JPMorgan executive. Jes Staley worked at JPMorgan Chase for more than 30 years until he left the financial institution in 2013. Staley was named the chief executive of the investment bank in 2009. Staley became the CEO of Barclays. However, he stepped down from the position in 2021 following a probe into his ties with Epstein.

In August 2009, Staley emailed the convicted pedophile to let him know that he'd be in London in a week. Epstein allegedly asked Staley if he needed anything, and the banking exec replied, "Yep."

Staley told Epstein in December 2009, "I realize the danger in sending this email. But it was great to be able, today, to give you, in New York City, a long heartfelt, hug."

Court docs alleged that Epstein "emailed Staley photos of young women in seductive poses."

Staley sailed his yacht to Epstein's private island in the U.S. Virgin Islands in January 2010, according to the lawsuit.

Staley allegedly said to Epstein, "Arrived at your harbor. Someday, we have to do this together."

In a memorandum filed on Wednesday, attorneys for the Virgin Islands said Staley’s JPMorgan email account contained messages about "women who they referred to by the names of Disney princesses that Epstein procured for Staley" and "discussions of sex with young women."

The lawsuit says Staley emailed Epstein in July 2010: "Maybe they’re tracking u? That was fun. Say hi to Snow White."

Epstein reportedly replied, "What character would you like next?"

Staley responded by naming the Disney princess movie "Beauty and the Beast."

Epstein allegedly replied, "Well one side is available."

The lawsuit claims, "Between 2008 and 2012, Staley exchanged approximately 1,200 emails with Epstein from his JP Morgan email account. These communications show a close personal relationship and ‘profound’ friendship between the two men and even suggest that Staley may have been involved in Epstein’s sex-trafficking operation."

The lawsuit hints that JPMorgan Chase CEO Jamie Dimon knew about Epstein's involvement with the megabank.

"JP Morgan's banking relationship with Epstein was known at the highest levels of the bank," the lawsuit states. "For instance, an August 2008 internal email states, 'I would count Epstein's assets as a probable outflow for '08 ($120mm or so?) as I can't imagine it will stay (pending Dimon review).'"

JPMorgan calls Virgin Islands lawsuit 'meritless'

The documents were revealed in the U.S. Virgin Islands government lawsuit against JPMorgan Chase that was filed in December. The lawsuit accuses JPMorgan Chase of "complicity" in Epstein's crimes.

JPMorgan Chase called the lawsuit "meritless."

"Having sought and obtained more than $100 million from Jeffrey Epstein’s estate and businesses for damages caused by his sex-trafficking crimes, the United States Virgin Islands (USVI) now casts farther afield for deeper pockets," JPMorgan declared.

"USVI’s lawsuit is a masterclass in deflection that seeks to hold JPMC responsible for not sleuthing out Epstein’s crimes over a decade ago," attorneys for the bank said. "Yet USVI had access at the time to the same information, allegations, and rumors about Epstein on which it alleges JPMC should have acted. Indeed, as a law-enforcement agency, USVI had access to much more, along with the investigative advantage of physical proximity to Epstein’s crimes."

"To the contrary, during the same period, USVI granted Epstein and his businesses lucrative privileges and massive tax incentives," the bank proclaimed. "Nonetheless, USVI’s suit proceeds on the untenable theory that JPMC was a participant in an Epstein sex-trafficking venture and was somehow uniquely situated to bring it to a halt."

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Virgin Islands attorney general sues JPMorgan Chase for handling Jeffrey Epstein's financial transactions after his conviction for child sex trafficking. She's fired days later.



The attorney general of the U.S. Virgin Islands accused JPMorgan Chase & Co. last week of servicing the pedophilic child sex trafficker Jeffrey Epstein and helping him to illegally exploit women and minors.

Days later, Albert Bryan Jr., the Democrat governor of the Virgin Islands, had her fired.

What are the details?

Attorney General Denise George filed a lawsuit on Dec. 27 claiming that the bank should have known about the prolific pedophile's illegal activities on Little St. James Island and notified the authorities accordingly, reported the New York Times.

The suit said, "JPMorgan knowingly, negligently and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise."

Epstein, a friend of the Clintons and a host to various elites including Bill Gates, was reportedly a client of JPMorgan's high-end banking services for 15 years, even after his 2008 conviction — despite concerns expressed by the bank's employees.

The Times indicated that JPMorgan did not drop him as a client until 2013. He allegedly dropped himself in a unmonitored New York prison cell six years later.

The lawsuit, if successful, would have the bank turn over the profits it made while in cahoots with Epstein and his companies, as well as to pay penalties and damages to the government.

Bryan confirmed George's exit on Sunday, while President Joe Biden and his family were still vacationing nearby in Saint Croix, Virgin Islands. The governor indicated that George, who had served in the role for four years, had been relieved of her duties as attorney general.

"I thank her for her service to the people of the territory during the past four years as attorney general and wish her the best in her future endeavors. Assistant Attorney General Carol Thomas-Jacobs will serve as acting attorney general," wrote Bryan.

The Virgin Islands Consortium reported that George did not warn Bryan that she was going to file the lawsuit ahead of time.

This action, coupled with their long-fraught relationship, might have been the "final straw."

JPMorgan Chase in the crosshairs

The lawsuit, filed last week, which may yet survive George's tenure, claims that "JPMorgan facilitated and concealed wire and cash transactions that raised suspicion of — and were in fact part of — a criminal enterprise whose currency was the sexual servitude of dozens of women and girls in and beyond the Virgin Islands."

It further states, "Over more than a decade, JPMorgan clearly knew it was not complying with federal regulations in regard to Epstein-related accounts as evidenced by its too-little too-late efforts after Epstein was arrested on federal sex trafficking charges and shortly after his death, when JPMorgan belatedly complied with federal law."

"Human trafficking was the principal business of the accounts Epstein maintained at JPMorgan," said the complaint advanced by George, mincing no words.

George indicated that this lawsuit was part of an "outgoing effort" to hold the dead criminal's enablers accountable.

It is not the only initiative of its kind launched in recent months. In November, two anonymous women who accused the dead pedophile of sexual abuse filed civil lawsuits against JPMorgan and Deutsche Bank, reported CNN.

The women said that JPMorgan "provided special treatment to the sex-trafficking venture, thereby ensuring its continued operation and sexual abuse and sex-trafficking of young women and girls."

Without this financial help and participation, they suggested "Epstein's sex trafficking scheme could not have existed."

"The time has come for the real enablers to be held responsible, especially his wealthy friends and the financial institutions that played an integral role," one of the lawyers for the plaintiffs, Bradley Edwards, told the Wall Street Journal. "These victims were wronged, by many, not just Epstein. He did not act alone."

A spokesman for Deutsche Bank said the "claim lacks merit." The spokesman for JPMorgan reportedly kept quiet.

Prominent bank abruptly cancels Kanye West, gives him just weeks to move accounts to another bank



JPMorgan Chase informed Kanye West this week that the bank is canceling its relationship with his companies and told him to find a new bank.

What are the details?

Candace Owens, a friend of West, posted to Twitter late Tuesday an email that West received from JPMorgan Chase. The message said the bank is canceling West's services by Nov. 21.

The email said, in part:

We are sending this letter to confirm our recent discussion with [redacted] that JPMorgan Chase Bank, N.A (the "Bank") has decided to end its banking relationship with Yeezy, LLC and its affiliated entities (collectively, the "Company"). To provide the Company with sufficient time to transition to another financial institution, we will continue to maintain the accounts (attached as Exhibit A), including all related products and services, until November 21, 2022.

To avoid any transaction delays, we suggest that you stop processing Company transactions and/or using any products associated with the accounts five business days before the scheduled closure date set forth above. After that date, the Bank will close any open accounts, and after deduction of any permissible service charges and pending transactions, remit all remaining funds in the form of a check delivered to the Company at the address of record.

The message, however, does not disclose why JPMorgan Chase chose to end its relationship with West and his companies.

TheBlaze reached out to JPMorgan Chase, but the bank declined to comment. However, the New York Times reported Thursday that it confirmed JPMorgan Chase is ending its banking services with West.

\u201cEarlier today I learned that @kanyewest was officially kicked out of JP Morgan Chase bank. I was told there was no official reason given, but they sent this letter as well to confirm that he has until late November to find another place for the Yeezy empire to bank.\u201d
— Candace Owens (@Candace Owens) 1665615382

What is the background?

The development comes as West faces backlash for a recent wave of anti-Semitic comments. At one point, his massively popular Twitter and Instagram accounts were restricted for posting controversial remarks.

Meanwhile, West has been openly critical of JPMorgan Chase recently, rebuking "executives Bill Grous at JPMorgan’s wealth management business, investment banking Vice Chair Jing Ulrich and Chief Executive Officer Jamie Dimon," Bloomberg reported last month.

"I feel like there’s a lot of controlling and handling to suppress my ability to affect the American economy and industry," West told Bloomberg of the bank.