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The Hang Seng Index turned negative, while the Hang Seng Tech Index fell 0.12%.On March 31, it was reported that the Jiangsu Provincial Government held an executive meeting on March 30. The meeting reviewed several measures to accelerate the transformation and upgrading of the provinces construction industry, the guiding opinions on stabilizing the real estate market, the opinions on further improving the investment and financing mechanism to accelerate the construction of expressways and trunk waterways, and the work plan for the special action to address traffic congestion in Jiangsu Province. The meeting also heard a report on the provinces comprehensive governance of the "one-stop" service for new energy vehicle charging infrastructure. The meeting emphasized the need to orderly promote cross-sectoral integration and business expansion of construction enterprises, apply intelligent and green technologies, implement precise policies to stimulate housing consumption, optimize supply, and stabilize expectations, build a diversified and sustainable funding guarantee system for expressways and trunk waterways, focus on optimizing road network structure and traffic service management, and comprehensively improve the safety level of planning, construction, operation, and supervision of new energy vehicle charging infrastructure.March 31 – A symposium on grain trading within the grain and reserve system was held in Nanjing, Jiangsu Province, from March 26 to the morning of March 27. The meeting emphasized the need for a scientific assessment of the new situation and accurate understanding of new changes. It stressed the importance of focusing on the present while considering the future, centering on three core directions: serving macro-control, serving industrial development, and serving market entities. The meeting called for comprehensive and all-round improvement in quality and efficiency, continuously elevating the quality, level, and scope of grain trading work, and providing solid support for consolidating the foundation of food security and achieving a good start to the "15th Five-Year Plan" for grain and reserve work.According to media reports, Korean Air has declared a state of emergency.Dubai Media Office: The emergency response team has successfully extinguished the fire on the Kuwaiti oil tanker.

JPMorgan Denies Responsibility For Its Top Banker's Jeffrey Epstein Ties

Haiden Holmes

Feb 23, 2023 11:58

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JPMorgan Chase & Co (NYSE:JPM) stated on Wednesday that it should not be held culpable for a former executive's relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of aiding its former client's sex trafficking operation.


JPMorgan stated in a court filing in Manhattan that emails between former executive Jes Staley and Epstein did not support the U.S. Virgin Islands' claim that Staley could "detect Epstein's sex trafficking."


In addition, the bank stated that there was no evidence that Staley's personal travel to the islands or alleged inappropriate emails were part of his employment, and that even if Staley had helped "direct" Epstein's sex trafficking, "his conduct would have been far beyond his authority as a JPMC employee."


JPMorgan stated in its motion to dismiss the "misdirected and deficient" lawsuit that there was no plausible explanation for how it could have known about Epstein's malfeasance and profited from it during the years 2000 to 2013.


Attorneys for the United States Virgin Islands did not respond promptly to requests for comment. Staley is not an accused.


In August of 2019, Epstein committed suicide in a Manhattan prison cell while awaiting prosecution on sex trafficking charges.


JPMorgan's dismissal motion was filed one week after a court filing alleged that Staley and Epstein had exchanged approximately 1,200 sexually explicit emails between 2008 and 2012.


In 2008, Epstein pled guilty to a Florida state prostitution charge.


Staley, the former head of private finance at JPMorgan, has admitted to having a friendship with Epstein, but he has disputed knowledge of his alleged crimes.


Staley became CEO of Barclays (LON:BARC) Plc after leaving JPMorgan, but resigned in November 2021 amid a dispute with British financial regulators investigating his connections to Epstein.


In December 2022, the U.S. Virgin Islands filed a lawsuit against JPMorgan for unspecified damages, alleging that the bank should have been aware of Epstein's misconduct on a private island he owned there.


JPMorgan and Deutsche Bank AG (NYSE:DB), where Epstein was a client from 2013 to 2018, are also being sued by Epstein's victims. Both institutions are pursuing dismissals.


Case number 22-10904 is Government of the U.S. Virgin Islands v. JPMorgan Chase Bank NA in the U.S. District Court for the Southern District of New York.

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