jeffrey epstein to women or girls after the bank says it fired him as a client. cnbc s morgan brennan is here for today s cnbc on msnbc. morgan, tell us a little more about these accusations and the bigger case here. yes. and this case continues, chris. so in a new letter filed this week, lawyers from the u.s. virgin islands attorney general s office detailing more than 9,000 transactions paid out to epstein related accounts between 2005 and 2019 that were not disclosed during the court mandated evidence exchange window included in those allegations. the bank handling more than $1 million in payments from jeffrey epstein to quote girls or women after the bank terminated epstein as a client. so in a statement to cnbc about the filing, jpmorgan said quote, there s no proof this is accurate. the letter though accuses the banking giant of 235i8ing to disclose the payments until after the end of discovery.
come. british banking giant continues to remain under pressure over an inaccurate bbc story about the closure of nigel s account. 0ur our top story for you this morning as the us federal reserve is moved to hike the cost of borrowing once again. the central bank raised interest rates by quarter perspective each point and 22 years. as my colleague explains, they have left the door open for more. the federal reserve is door open for more. the federal reserve is moved door open for more. the federal reserve is moved with reserve is moved with unprecedented speed to get inflation under control and it has raised its benchmark rate by 5.25 present in the latest move is likely to push up american businesses and consumers, even further. with inflation showing prices
giant come. british banking giant continues to remain under pressure over an inaccurate bbc story about the closure of nigel s account. our top story for you this morning as the us federal reserve is moved to hike the cost of borrowing once again. the central bank raised interest rates by quarter perspective each point and 22 years. as my colleague explains, they have left the door open for more. the federal reserve is door open for more. the federal reserve is moved door open for more. the federal reserve is moved with reserve is moved with unprecedented speed to get inflation under control and it has raised its benchmark rate by 5.25 present in the latest move is likely to push up american businesses and consumers, even further. with inflation showing prices
those. still in the u.s. verizon as well as general motors, all of those earnings are on deck, but let s not forget the small matter of interest rate decision by the fed. that s anticipated for tomorrow. they start their meeting, however, today. will they decide to be a one and done case where they hike interest rates by 25 basis points, well the market has pretty much based that bet as near 100% certainly. we ll certainly have complete coverage of the fed s meeting as it happens. here s an update on a story we ve been tracking for quite some time. the banking giant has received stiff fines for credit banking agent credit suisse. remember ubs bought credit suisse when it had its struggles earlier on this year. the fine would have actually gone to credit suisse who had a
think that divergences continues to be the case. to india where tech companies will have to brace for a tough 2024 after a banking giant predicted after a banking giant predicted a bleak outlook in a new report. almost all of india s it companies reported poor results in the quarter gone by and now things are expected to get worse this year. that s because of weakened global demand for it services like in europe and the us, jpmorgan expects project referrals as a result of lower discretionary spending in these markets which will negatively impact it revenues here in india. this growth is unlikely to return in a hurry for the $250 billion industry which is the biggest contributor to india s services exports. the brokerage expects mode it services to ms current earnings expectations and says the industry will grow at less than 5% of the current fiscal