- JPMorgan Chase is suing Jes Staley, a former top executive, in an attempt to make him liable for any penalties the US bank might have to pay if it is found to have facilitated Jeffrey Epstein’s sex trafficking crimes.
- EY has “paused” its plan to split in two amid a fierce dispute over how much of its tax business should stay with the audit side of the firm.
- Silvergate Capital, a publicly listed lender that once managed more than $16bn in assets announced plans to liquidate and wind down.
- Silicon Valley Bank, which has become a crucial player in financing US start-ups, shocked Wall Street with a large loss and plans to raise fresh capital.
- Yannick Bolloré steps up to the plate at Vivendi and The Restaurant Group resists activist pressure.
Big trouble for two West Coast banks
Plus, Yannick Bolloré steps into his power at Vivendi and The Restaurant Group resists activist pressure
Francesca Friday
