The former JPMorgan Chase executive and Barclays CEO Jes Staley has alleged that he communicated with JP Morgan’s chief executive, Jamie Dimon, about the convicted sex offender Jeffrey Epstein, a contradiction of Dimon’s testimony, in a lawsuit brought by the US Virgin Islands against JP ...Read More

The former head of Wells Fargo & Co’s retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie ...Read More

JPMorgan Chase & Co. laid off about 1,000 former First Republic Bank employees Thursday, weeks after its takeover of the failed lender. The bank said about 85% of the former First Republic’s roughly 7,200 employees received full-time or transitional roles with JPMorgan. JPMorgan JPM, +0.24% said it ...Read More

The record $279 million whistleblower award issued by the Securities and Exchange Commission earlier this month stemmed from a bribery case against telecommunications company Ericsson. The award from the SEC’s cash-for-tips program was related to the $1.1 billion settlement the Swedish company reached with U.S. authorities in 2019 over ...Read More

Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S. The decision links back to a case brought by Austrian privacy campaigner Max Schrems who argued that the framework for ...Read More

Sam Altman, the CEO of OpenAI, the company behind ChatGPT, testified before a US Senate committee on Tuesday about the possibilities – and pitfalls – of the new technology. In a matter of months, several AI models have entered the market. Mr Altman said ...Read More

Twitter is accusing Microsoft of using the social media company’s data in ways that were unauthorized and never disclosed. Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan and attorney for Twitter owner Elon Musk, sent a letter to Microsoft on Thursday laying out the claims, ...Read More