Japan's financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge of the matter.
A U.S. judge on Friday granted preliminary approval to Deutsche Bank's $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the late financier's sex trafficking.
Jamie Dimon, the chief executive of JPMorgan Chase , will not have to sit for a second deposition in the U.S. Virgin Islands' lawsuit over the bank's work for Jeffrey Epstein, the late financier and sex offender.
Federal Reserve Chairman Jerome Powell said on Wednesday that financial conditions are likely to allow the central bank to press forward with the drawdown of its massive balance sheet through the remainder of the year.