JPMorgan Chase reached an agreement in principle to settle a class action lawsuit brought by victims of Jeffrey Epstein's sex trafficking scheme, the two sides said Monday.. "The core of this case -- plaintiffs allegation that JPMorgan supported Jeffrey Epstein's sex-trafficking venture while it knew or should have known that venture was in operation -- involves a common set of law and fact," Rakoff wrote.
Silvio Berlusconi, the former prime minister who reshaped Italy's political and cultural landscape while fending off multiple legal and sex scandals, died Monday aged 86.. Hungarian Prime Minister Viktor Orban tweeted: "Gone is the great fighter", while Israel's Prime Minister Benjamin Netanyahu said "Silvio was a great friend of Israel and stood by us at all times".
Asia-focused bank giant HSBC on Monday relaunched the recently-acquired UK arm of collapsed US lender Silicon Valley Bank as part of a major push into technology and life sciences.. Monday's rebrand comes with "the UK's world-leading technology and life sciences sectors... central to growing the UK economy and boosting global exports", said HSBC chief executive Noel Quinn said Monday.
Sergio Ermotti returned as chief executive of UBS to mastermind the merger with Credit Suisse -- an onerous task which begins in earnest on Monday after the takeover was finalised.. In 2021, he became the chairman of the reinsurance giant Swiss Re. But when Kelleher sounded him out about returning to UBS to integrate Credit Suisse, Ermotti said he felt the "call of duty" to return. noo/rjm/nl/lth
Silvio Berlusconi's career may have been dogged by scandal but he showed genuine innovation in building his real estate and media empires -- even if the late billionaire missed out on the digital revolution.. - Visionary urban planner - Their support also smoothed the path of Berlusconi's real estate career, notably his large residential developments on the outskirts of Milan, northern Italy.
Artificial intelligence tools will revolutionise education like calculators did, but will not supplant learning, ChatGPT's founder Sam Altman told students in Tokyo on Monday, defending the new technology.. "We have a new tool in education.
German courts will from Monday begin examining a series of claims over adverse effects suffered after coronavirus vaccinations, more than two years after one of the world's fastest and most extensive innoculation campaigns.. The claimant reported suffering effects including "pain in the upper body, swelling of the extremities, exhaustion, fatigue and sleeping disorders" after taking the jab, the court said.
UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.. The country's leading bank UBS was forced into a marriage to prevent its rival from going under, but it hasn't waited for Monday to start preparing to absorb Credit Suisse.
Asian investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.. The decision comes a day after the release of consumer price inflation data, which could play a major role in officials' thinking.
The voice on the phone seemed frighteningly real -- an American mother heard her daughter sobbing before a man took over and demanded a ransom.. "Help me, mom, please help me," Jennifer DeStefano, an Arizona-based mother, heard a voice saying on the other end of the line.
