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JPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial | ZeroHedge

JPMorgan Chase has agreed to pay the US Virgin Islands (USVI) a scant $75 million to settle a lawsuit alleging that the bank knowingly aided Jeffrey Epstein's underage sex-trafficking operation, ending a legal battle that exposed all sorts of embarrassing ties between the bank and the dead pedophile.

The settlement was reached one month before the sides were scheduled to go to trial in Manhattan, where the USVI sought $190 million from the bank.

JPMorgan admitted no (more…)

Continue ReadingJPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial | ZeroHedge

“The Outlook Is Dismal” – Dallas Fed Surveys Signal Stagflation Threat In September | ZeroHedge

September was an ugly month for Texas with both Manufacturing and Services surveys chock-full of disappointment and stagflationary signals.

The goods news – growth in Texas factory activity resumed in September, according to the Dallas Fed Manufacturing survey, with the production index rebounding a somewhat shocking 20 points to +7.9 – its highest reading of the year.

The bad news – everything else…

As one respondent put it: "The summer funk has not (more…)

Continue Reading“The Outlook Is Dismal” – Dallas Fed Surveys Signal Stagflation Threat In September | ZeroHedge