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Financial giants JPMorgan and State Street announced this week that they were leaving the Climate Action 100+ organization, an investors group that pushes ESG initiatives and controls about $68 trillion in assets.
Financial giants JPMorgan and State Street announced this week that they were leaving the Climate Action 100+ organization, an investors group that pushes ESG initiatives and controls about $68 trillion in assets.
 
Former U.N. Ambassador Nikki Haley’s candidacy for president is receiving financial backing from top Democratic donor Reid Hoffman.
Former U.N. Ambassador Nikki Haley’s candidacy for president is receiving financial backing from top Democratic donor Reid Hoffman.
 
The bank with the most closures was PNC Bank
 
On Tuesday, Moody’s reduced the credit ratings of ten regional American banks while threatening to downgrade many other bigger banks.
On Tuesday, Moody’s reduced the credit ratings of ten regional American banks while threatening to downgrade many other bigger banks.
 
Come for Morning Wire’s Afternoon Update’s straight news, but stay for the Rapid Reactions
 
As Americans fled the Northeast United States with its repressive social policies during the coronavirus pandemic and immigrated to states in the South, the region lost its traditional position as the leader in contributing to the national GDP — to the South.
As Americans fled the Northeast United States with its repressive social policies during the coronavirus pandemic and immigrated to states in the South, the region lost its traditional position as the leader in contributing to the national GDP — to the South.
 
Multiple Target stores across the U.S. received bomb threats over the weekend for allegedly “betraying the LGBTQ+ community” by tamping down on some of the Pride Month products sold in its stores due to massive backlash the company has faced.
Multiple Target stores across the U.S. received bomb threats over the weekend for allegedly “betraying the LGBTQ+ community” by tamping down on some of the Pride Month products sold in its stores due to massive backlash the company has faced.
 
On Monday, North Carolina Senate Republicans unveiled a budget proposal that allocates $1.425 billion to NCInnovation
On Monday, North Carolina Senate Republicans unveiled a budget proposal that allocates $1.425 billion to NCInnovation
 
JPMorgan CEO Jamie Dimon suggested during an interview this week that he is open to potentially running for president.
JPMorgan CEO Jamie Dimon suggested during an interview this week that he is open to potentially running for president.
 
The latest estimates of the staggering losses suffered by Anheuser-Busch since April 1, the day the Dylan Mulvaney controversy exploded, put their loss in market value at about $27 billion by the end of May.
The latest estimates of the staggering losses suffered by Anheuser-Busch since April 1, the day the Dylan Mulvaney controversy exploded, put their loss in market value at about $27 billion by the end of May.
 
Attorneys for investment bank JPMorgan Chase accused Democratic officials in the U.S. Virgin Islands of engaging in “quid pro quo” relationships with late financier Jeffrey Epstein in an explosive Tuesday legal filing shared with The Daily Wire.
Attorneys for investment bank JPMorgan Chase accused Democratic officials in the U.S. Virgin Islands of engaging in “quid pro quo” relationships with late financier Jeffrey Epstein in an explosive Tuesday legal filing shared with The Daily Wire.
 
Members of the House Freedom Caucus took a hardline position on Thursday against an increase in the debt ceiling divorced from meaningful reforms to the federal budget.
Members of the House Freedom Caucus took a hardline position on Thursday against an increase in the debt ceiling divorced from meaningful reforms to the federal budget.
 
Deutsche Bank agreed to pay $75 million to settle a lawsuit accusing the company of failing to recognize the sex trafficking conducted by Jeffrey Epstein, the deceased pedophile hedge fund manager who was once a client of the firm.
Deutsche Bank agreed to pay $75 million to settle a lawsuit accusing the company of failing to recognize the sex trafficking conducted by Jeffrey Epstein, the deceased pedophile hedge fund manager who was once a client of the firm.
 
Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
 
The second annual Viewpoint Diversity Score Business Index unveiled on Tuesday showed that prominent companies lack commitments to guarantee the First Amendment liberties of their customers and employees, thereby threatening the “fundamental freedoms of every American.”
The second annual Viewpoint Diversity Score Business Index unveiled on Tuesday showed that prominent companies lack commitments to guarantee the First Amendment liberties of their customers and employees, thereby threatening the “fundamental freedoms of every American.”
 
Twitter owner Elon Musk slammed a subpoena from the U.S. Virgin Islands on Monday that is demanding that he turn over alleged documents that the government apparently wants to use in its lawsuit accusing JPMorgan Chase of financially benefiting from Jeffrey Epstein’s sex trafficking operation.
Twitter owner Elon Musk slammed a subpoena from the U.S. Virgin Islands on Monday that is demanding that he turn over alleged documents that the government apparently wants to use in its lawsuit accusing JPMorgan Chase of financially benefiting from Jeffrey Epstein’s sex trafficking operation.
 
Multiple lawmakers sold their shares in First Republic Bank in the weeks before the firm collapsed and was sold to JPMorgan Chase by financial regulators.
Multiple lawmakers sold their shares in First Republic Bank in the weeks before the firm collapsed and was sold to JPMorgan Chase by financial regulators.
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
JPMorgan Chase assumed control of First Republic Bank on Monday after the latter company collapsed due to turmoil in the financial sector.
JPMorgan Chase assumed control of First Republic Bank on Monday after the latter company collapsed due to turmoil in the financial sector.
 
The relationship between investment bank JPMorgan Chase and deceased child sex predator Jeffrey Epstein was deeper than the firm has previously admitted, according to a Friday report from The Wall Street Journal.
The relationship between investment bank JPMorgan Chase and deceased child sex predator Jeffrey Epstein was deeper than the firm has previously admitted, according to a Friday report from The Wall Street Journal.
 
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
 
The House Oversight Committee has reportedly issued subpoenas to several banks to get the financial records of some of the Biden family’s associates.
The House Oversight Committee has reportedly issued subpoenas to several banks to get the financial records of some of the Biden family’s associates.
 
Nineteen Republican state attorneys general asserted on Tuesday that JPMorgan Chase “de-banked” organizations for their conservative and religious tendencies, calling on the nation’s largest financial institution to respect the viewpoints of their customers.
Nineteen Republican state attorneys general asserted on Tuesday that JPMorgan Chase “de-banked” organizations for their conservative and religious tendencies, calling on the nation’s largest financial institution to respect the viewpoints of their customers.
 
JPMorgan Chase CEO Jamie Dimon called for lawmakers to take drastic action in favor of a renewable energy transition, including the seizure of private property to make more land available for solar and wind farms.
JPMorgan Chase CEO Jamie Dimon called for lawmakers to take drastic action in favor of a renewable energy transition, including the seizure of private property to make more land available for solar and wind farms.
 
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
 
JPMorgan Chase CEO Jamie Dimon will be interviewed under oath about his company’s ties with deceased child sex predator and financier Jeffrey Epstein.
JPMorgan Chase CEO Jamie Dimon will be interviewed under oath about his company’s ties with deceased child sex predator and financier Jeffrey Epstein.
 
North Carolina’s state pension system was among the victims of the recent collapse of two large Silicon Valley, California banks, with the loss of millions in stock at both banks.
North Carolina’s state pension system was among the victims of the recent collapse of two large Silicon Valley, California banks, with the loss of millions in stock at both banks.
 
Sen. Joe Manchin (D-WV) rebuked President Joe Biden for his veto of a resolution that would have prevented fiduciaries from investing retirement funds in accordance with the environmental, social, and corporate governance movement, also known as ESG.
Sen. Joe Manchin (D-WV) rebuked President Joe Biden for his veto of a resolution that would have prevented fiduciaries from investing retirement funds in accordance with the environmental, social, and corporate governance movement, also known as ESG.
 
The Federal Deposit Insurance Corporation (FDIC) announced on Monday that the bidding process for remaining assets at the defunct Silicon Valley Bank would be extended due to “substantial interest” from possible acquirers.
The Federal Deposit Insurance Corporation (FDIC) announced on Monday that the bidding process for remaining assets at the defunct Silicon Valley Bank would be extended due to “substantial interest” from possible acquirers.
 
President Joe Biden vetoed legislation on Monday that would have overturned a Labor Department rule allowing retirement fiduciaries to invest in accordance with the environmental, social, and corporate governance movement, also known as ESG.
President Joe Biden vetoed legislation on Monday that would have overturned a Labor Department rule allowing retirement fiduciaries to invest in accordance with the environmental, social, and corporate governance movement, also known as ESG.
 
Banking collapses have left the market reeling and worried about an imminent recession
 
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
 
Deposits have grown by more than $15 billion in Charlotte-based bank as investors seek safer shelter for their money
Deposits have grown by more than $15 billion in Charlotte-based bank as investors seek safer shelter for their money
 
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