#deutsche-bank

#deutsche-bank

JPMorgan Chase & Co. agreed in principle to settle a class-action lawsuit with a victim of Jeffrey Epstein, the bank said in a statement on Monday.The settlement resolves one claim against the largest U.S. bank in a proposed class action by women who say Epstein abused them, and by the government of the U.S. Virgin Islands, where Epstein owned two neighbouring islands and allegedly abused victims in his mansion.

U.S. Federal Reserve Board chair Jerome Powell is pictured in January in Washington.Powell and other Fed officials have said they expect to keep interest rates at their peak for an extended period.(Brendan Smialowski/The Associated Press) After four straight three-quarter-point interest rate hikes, the U.S. Federal Reserve is expected to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialling back its efforts to combat inflation.

Fresh signs have emerged that the Bay Area's hotel market is wobbly including efforts to scout for one or more investors willing to take over a faltering loan for a lodging icon that's perched atop San Francisco's famed Nob Hill.The Stanford Court Hotel, a historic lodging site at 905 California Street and one of the best-known hotels in the region, is the focal point of an attempt to find a new holder of the loan on the property, according to a marketing flyer reviewed by this news organization.

So Apple has restricted the use of OpenAI's ChatGPT and Microsoft's Copilot, The Wall Street Journal reports.ChatGPT has been on the ban list for months, Bloomberg's Mark Gurman adds.It's not just Apple, but also Samsung and Verizon in the tech world and a who's who of banks (Bank of America, Citi, Deutsche Bank, Goldman, Wells Fargo, and JPMorgan).

German financial giant Deutsche Bank is backing Nvidia's ambitions to someday make hundreds of billions from software that enables a variety of services and applications running on its GPUs.The oft-controversial banking behemoth announced on Wednesday it has formed a "multi-year innovation partnership with Nvidia to accelerate the use of artificial intelligence and machine learning in the financial services sector."

Deutsche Bank is looking to deploy artificial intelligence (AI) acceleration technology from Nvidia to power financial services applications.The bank hopes AI will improve its efforts to serve customers worldwide and enable it to build new data-driven products and services, increase efficiency and recruit tech talent.

Filters BETA Key events (2)UK (4)EU (4)Stellantis (3)Vauxhall (3) An economics academic has warned there is an existential threat to the UK car industry.David Bailey, professor of business economics at the Birmingham Business School, told the BBC Today programme that the stricter rules and increased tariffs set to come into force next year would put British manufacturers at a competitive disadvantage: I think there is a kind of existential threat to the UK car industry.

Markets seesawed severely this week when two of the US economy's most prominent leaders gave seemingly contradictory statements on the health of the banking sector.Expect more turbulence ahead.Fresh off of the Federal Reserve's decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the central bank's post-meeting press conference that all depositors' savings are safe.

It will come as no surprise to most people to learn that the war in Ukraine has had a significant impact on the German economy and individual wealth, as energy prices exploded and inflation rose to a post-war high in 2022.Now, almost a year after the start of the war, the true scale of the economic impact on Germany has become clear.

Oracle execs are all smiles following a stellar showing for their cloud operations in the latest full quarter, and Larry Ellison is obviously feeling a little dizzy, telling the world - or anyone who would listen - that Big Red's cloud never fails.Founder and CTO of the Texas-based business, Ellison bottles the Koolaid he asks employees to drink, but last night on a conference call to discuss earning for Q2 ended 30 November, he appeared to have a bellyful himself.

Australian financial services company Latitude Financial Services now says that roughly 14 million records were stolen in a cyberattack earlier this month.The incident was disclosed in mid-March, when the company started notifying roughly 300,000 customers of a data breach impacting their personal information.

European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine.After a meeting in Brussels, the EU government heads said lenders in Europe are generally in sound health and in a position to weather a combination of rising interest rates and slowing economic growth.

German Chancellor Olaf Scholz said during an EU summit on Friday said that Europe's banking system is "stable."The leaders of the eurozone countries were meeting the head of the European Central Bank (ECB), Christine Lagarde, to discuss the potential fallout of several major banks collapsing in the US and Switzerland.

The King and Queen Consort were due to begin the first state visit of the King's reign on Sunday but the trip was shelved after a night of violent nationwide demonstrations.The Times reports that there were fears anti-Macron protesters would target the Versailles banquet.The Daily Telegraph reports that the King's trip to France had been part of a Government strategy to renew historic ties with Europe following Brexit.

Homebuyers and borrowers face more misery from rising Interest rates on Thursday as the Bank of England seeks to calm inflation despite data showing that prices eased slightly in November.In what will heap further pressure on mortgage-holders, the nine members of the Monetary Policy Committee (MPC) will make a decision that could push up the amount that millions of borrowers have to pay their banks every month.

A file image from 2013 provided by the Florida Department of Law Enforcement shows financier Jeffrey Epstein.AP The government of the U.S. Virgin Islands alleges in a lawsuit filed this week that JPMorgan Chase "turned a blind eye" to evidence that disgraced financier Jeffrey Epstein used the bank to facilitate sex-trafficking activities on Little St. James, the private island he owned in the territory until his 2019 suicide.

If you woke up in the middle of the night to some shakes, that was a 3.6 magnitude earthquake rattling the East Bay and San Francisco early Saturday morning, the US Geological Survey confirmed.[USGS] Fire crews rescued a girl who was stuck in a hollowed-out tree  in Campbell on Friday near Los Gatos Creek, the Santa Clara County Fire Department said.

DJM's Lindsay Parton and 21221 Hawthorne Boulevard (DJM Capital, Google Maps) DJM Capital plans to renovate a Torrance shopping center with a new $75 million loan.The firm scored the loan from Deutsche Bank last month on the 181,300-square-foot Village Del Amo retail and office complex at 21221 Hawthorne Boulevard, according to property records filed with Los Angeles County.