to stop through a lesson quote, as these more than $400000000.00 of assets belonging to us, jp morgan chase bank. i'm a responsible suit followed by a russian bank, the mountains into a ton of its own frozen houses, funds belonging to russian v t. the banquet, early of frozen by jp morgan chase. the russian bind demand that they were ton in response. jp morgan chase lost its own little search in the us course. it's going to store but v t b's attends the us banks that it converts to announces to b, c, b, g c us sanctions. let's find out more about this case and i told him in the studio is contribute to chris m. thanks for coming in, chris. let me stay with always a jp morgan. this is jp morgan chase done a chunk of avoiding the seas of his assets. and what we're supposed to expect from the by now? well nick, i don't think they did because effectively what they did v t b, which is a very large russian bank is the say can largest bank and russia was united as a lot of bank. steve, holding assets in the us, which then effectively stolen from them nicely steal someone's money. you can expect for a qu

petersburg cortez sided with a russian bank and its efforts to recoup $414000000.00 from jp morgan chase. it's money the america's largest bank froze in u ethic times in response to the ukraine conflict. jp morgan chase sales responded by culture assuming in a us court to block b t b banks attempts. now the american lender also states it tons return assets to v t p. do apparently, to us sanctions. earlier at my colleague and nikki, or in spoken about with our to contribute or presents a v t b, which is a very large russian bank is the 2nd largest bank in russia. was, you know, as a lot of bank, steve holding assets in the us, which then effectively stolen from them. but if you steal someone's money, you can expect for a quote in russian not to rule in favor of that bank to recover those stolen funds . there isn't really any reason for that. none of the funds from what we on this done for the information had been used for anything but to invest in very a vanilla investments in the united states. there wasn't an issue with that. it wasn't funds that made it to industrial complex or anythin

improvements come up with a bad swap, f, as in petersburg, cold, forbidding the largest us bank, jp morgan chase to pursue litigation against russian v. c. b, bank, outside of the country, optimal than $400000000.00 in us as belonging to the american bank was seized by the action as part of a lawsuit filed by the russian bank. the non thing they were to and of its own frozen assets, funds belonging to v t b bank had been confiscated by jp morgan chase, which has responded by town to sue in the us quotes to block c t b 's attempts. the largest us bank stays a con, what's on us as to v t beat due to us sanctions alia? i spoke with all the taken to be, say, chris evans, who gave us the details a v t b, which is a very large russian bank, is the 2nd largest bank in russia. was united as a lot of bank still holding assets in the us, which then effectively stolen from the night to steal someone's money. you can expect for a quote in russian not to rule in favor of that banks would cover those spelled in funds. there wasn't really any reason for that. none of the funds from what we understand from the

improvements comb with the backdrop of us and petersburg, cold, forbidding the largest us bank, jp morgan chase to pacific ation against the russian v. t. b. button, count, side of the country, assembled and $400000000.00 in us as belonging to the american bank was seized. the action is policy of a lawsuit filed by the russian back, the mounting, the return of its own frozen assets. funds belonging to the tv bank has been confiscated, find jp morgan chase, which has responded by kansas through and going to us close to block v t b's attempts. the largest us bank say that congress ton assets to bt b. do to us sanctions or the i spoke with us to contribute to chris m. c. gave us more details. a v t b, which is a very large russian bank is the 2nd largest bank in russia. was, you know, as a lot of banks do, holding assets in the us, which then effectively stolen from the night. if you steal someone's money, you can't expect for a quote in russian not to rule in favor of that bank to recover those stolen funds . there isn't really any reason for that. none of the funds from what we understand from t

the quotes, the visiting the largest us bank of jp morgan chase to pursue litigation against russian. vtc bank outside of the country of moving full $100000000.00 in assets belonging to the american bank were seized. the action is policy of a lawsuit filed by the russian bank. the mon thing, the return of its own frozen assets. phones belonging to v td bank had been confiscated, find jp morgan chase, which has responded by town to syria. going to us quote, to block v t. v. 's attends the largest us buying said that congress to an assets to be, to be easier to us sanctions. larry, i spoke with all to contribute for sams. it gave us more detail a v t b, which is a very large russian bank is the 2nd largest bank in russia. was a, you know, as a lot of banks do, holding assets in the us, which then effectively stolen from them. as you steal someone's money, you can't expect for a quote in russian not to rule in favor of that bank to recover those stolen funds . there isn't really any reason for that. none of the funds from what we understand from the information had been used for anything

petersburg cortez sided with a russian bank and its efforts to recoup $440000000.00 from jp morgan chase. now that's money that america's largest bank froze in us accounts in response to the ukraine conflict. jp morgan, as responded by culture, assuming in a us court to block the t b bugs attempts, the american lender also claims account return assets to be june t u. s. sanctions. earlier my colleague nikki or and then are to contribute or chris and this broke down the details for us. a v g b, which is a very large russian bank, is the 2nd largest bank in russia. was united as a lot of bank, steve holding assets in the us, which then effectively stolen from the steel someone's money. you can expect for a quote in russian not to rule in favor of that banks would cover those spelled in funds. there isn't really any reason for that. none of the funds from what we understand from the information had been used for anything but to invest in very a vanilla investments in the united states. there wasn't an issue with that. it wasn't the funds that made it to industrial complex or anything like t

the employee plans come with a button to offer the 7 pages, the cold, forbidding the us bank, jp morgan chase to pursue mitigation against the russian v. t. b bank. outside of the country. assembled in $400000000.00, announced as belonging to the american bank were seized. the action is possible to food followed by the russian bank, the mon thing. they were ton of its own frozen assets. funds belonging to v t b bag had been frozen by j. p. morgan chase to be moving. chase has responded by kansas to been giving us quotes to smoke ctp the tests the us buying essays at comp for to an assets to be due to us sanctions, to contribute to chris and gave us more details. a v t b, which is a very large russian bank, is the 2nd largest bank in russia, was united as a lot of bank, steve holding assets in the us, which then effectively stolen from the steel someone's money. you can expect for a quote in russian not to rule in favor of that banks would cover those stolen funds. there isn't really any reason for that. none of the funds from what we understand from the information had been used for anything

banking family and, and why they're still even relevant today. given, reportedly, they're not even among the wealthiest families of the world anymore. why do today is bankers like jamie diamond at jp morgan chase, for example, still turning to this, this banking family from my understanding americas, jp morgan began as a subsidiary of the rocks child bank in europe. right. so i don't know, has this sort of family legacy then just shaped modern banking? she of, i mean huge. i mean, the, this is what, this is where i say, you know, when it comes to the american history, um, there's other historians that are much more expert in terms of the amount of influence, the, the rothschilds i had in terms of american finance. it's clear that the america and that the rothschilds had agents in america, or was jp morgan, an agent of the rothschilds in particular, i don't know that i know that as you say he's his original partner p body was a, was in england. and morgan was trained in england, so essentially he was, you know, he respond by the, the, you could say like, the bank of english or the private, a private but central bank very much. what the federal reserve in america has, which again was probably es

jp morgan chase. not as money, the america's largest bank froze in us accounts in response to the ukraine conflict . jp morgan has responded by culture assuming in a us court to attend to block v t b. banks attempts not. the american lender also claims aid can't return us. that's to be to be due to us sanctions. earlier my colleague nicky are into the arctic country peter chris adams broke down the details for us a v t b, which is a very large russian bank is the 2nd largest bank in russia. was united as a lot of bank, steve holding assets in the us, which then effectively stolen from the steel someone's money. you can expect for a quote in russian not to rule in favor of that bank to recover those stolen funds . there isn't really any reason for that. none of the funds from what we understand from the information had been used for anything but to invest in very uh, vanilla investments in the united states. there wasn't an issue with that. it wasn't funds to me to treat industrial complex or anything like that. and, and to be honest, i don't think jp morgan all going to be able to react in any signific

jp morgan chase. that is money that america's largest bank froze in u. s. accounts. in response to the frank conflict. jp morgan has responded by culture assuming in a us court to block v t b banks. temps. the american lender also claims it tons return assets to the to be due to us sanctions. really, my colleague, nicky, are in our to contributor for sams, broke down the details for us a v t b, which is a very large russian bank is the 2nd largest bank in russia. was a, you know, as a lot of banks do, holding assets in the us, which then effectively stolen from the steel someone's money. you can't expect for a quote in russian not to rule in favor of that bank to recover those stolen funds . there isn't really any reason for that. none of the funds from what we understand from the information had been used for anything but to invest in very a vanilla investments in the united states. there wasn't an issue with that. it wasn't funds that made it true. industrial complex or anything like that and, and to be honest, i don't think jp morgan all going to be able to react i

last year jp morgan chase acquired first republic which is one of three midsize banks to fail. the closures will happen may 24th. of a giant tells us they will reopen 10 locations in our area as jp morgan or chase branches. >>> sometimes we get lucky to share an event that reminds all of us where we are in the universe. a lot of people travel to certain parts of the nation, even to mexico for a front row seat to the solar eclipse. in the path of totality, it did not make it to the bay but we got a partial viewing. it was hard for me, future scientists and students gathered at stanford. in oakland, chabot space and sign center hosted people who got to learn what it means when an eclipse happens. they held a viewing from the campus for all to enjoy. >> it feels so powerful. it feels magical, almost. and it is beautiful. >> i feel lucky to be alive to see all of this beautiful stuff. in this world. >> astronomers say it is a lucky time because the moon is slowly moving further away from the earth and at the same time the sun is getting bigger, meaning we hit the sweet spot. for tho

. >> the leader of the nation's largest bank, jp morgan chase, is sounding the alarm that interest rates could soar beyond 8% in the coming years, despite recent figures showing inflation has been cooling in his annual letter to shareholders, jamie dimon said there has been too much emphasis on the short termism and not enough focus on long tum trends, writing huge fiscal spending, the trillions needed each year for the green economy, the remilitarization of the world and the restructuring of global trade. all are inflationary. >> you've got the russian war in ukraine and the impact that's having on energy markets, oil markets, natural gas markets. you've got the conflict in the middle east and that's disrupting supply chains. and also there's a threat to energy prices. and then just the rising tensions between the us and china. >> while experts agree on the economic impact of conflict, not everyone is on board with diamond's latest statements. >> you've got to be humble when you're forecasting anything, particularly the economy. >> in 2022, diamond predicted a hurricane would hit the us

jp morgan chase. he's still concerned about inflation and believes we might be in for more interest rate hikes. here's abc news reporter lionel moise this morning. >> the leader of the nation's largest bankorgan chase, is sounding the alarm that inflation could soar beyond 8% in the coming years, despite recent figures showing inflation has been cooling. in his annual letter to shareholders, jamie dimon said there has been too much emphasis on the short terme and not enough focus on long terme trends, writing huge fiscal spending, the trillions needed each year for the green economy, the remilitarization of the world and the restructuring of global trade. all are inflationary. >> you've got the russian war in ukraine and the impact that's having on energy markets, oil markets, natural gas markets. you've got the conflict in the middle east and that's disrupting supply chains and also is a threat to energy prices. and then just the rising tensions between the us and china. >> while experts agree on the economic impact of conflict, not everyone is on board with diamond's latest statements. >> you got to be humble when you're forecasting anything, particularly the economy. >> in 2022, diamo

bank will cease to exist. customers will be alerted by mail that their accounts will become chase accounts by memorial day weekend. the san francisco based bank is being taken over by jp morgan officials say 25 branches in the bay area will close by may 24th. all first republics set for closure are within one mile of a chase bank. >> we could have a decision this week on a possible name change for oakland international airport. the port of oakland, which operates the airport, plans to vote on the issue on thursday. that proposal is set to change the name to san francisco bay. oakland international airport. port officials say the change will put oakland on the map for travelers, but san francisco officials are now threatening to sue over trademark infringement involving sfo's name. >> we've had these trademarks for so long that they're incontestable under federal law, and so from our perspective, if oakland chooses to move forward with its proposal, we will have no choice but to pursue legal action to prevent the misuse of our trademarks by the port of oakland. >> sent us a statement saying the change would clarify, not confuse, and would help identify where the airport is ac

. >> if you bank at first republic, no, you don't. as of next month, jp morgan chase is taking over the san francisco based bank. existing accounts will convert to chase accounts over memorial day weekend. first republic's 25 bay area locations will close may 24th. ten will be remodeled and reopened with new branding. 15 of them that are within a mile of existing chase locations will close permanently. >> developing news in the east bay. investigators looking for the cause of a two alarm fire that burned a building in hayward last night. this is just west of interstate 880 on hall road. fire officials say no one was injured. >> if your morning commute takes you through the posey tube, it is back to normal. after this dangerous situation last night, drivers had to ditch their cars and walk out of the tunnel through smoke after a truck caught fire. abc seven news was there when crews brought the burn truck out of the tunnel. nobody was hurt in the north bay. >> we are learning. two people facing charges for a chop shop operation this morning in sonoma county. investigat

morgan chase brand. well, the head of the nation's largest bank warning interest rates could soar to 8% or even higher in a letter to shareholders, jp morgan chase ceo jamie dimon says record high deficit spending and geopolitical stress will make it harder for the fed to fight inflation by traditional means. he says investors started the year predicting that the fed would cut rates up to three times, maybe four. but after a strong jobs report friday, diamond says investors anticipate far fewer cuts. fed chair jay powell acknowledged the dangers of cutting rates too soon. >> if we reduce rates too soon, there's a chance that inflation would pop back and we'd have to come back in and that would be very disruptive. that would not be a good thing for the economy. >> the fed's action. >> the 30 year mortgage rate is at 6.8, according to freddie mac. >> new at noon california spent $24 billion to tackle homelessness in a five year period, but didn't consistently track the outcomes or effectiveness of its programs. this, according to a state audit released just today. the report attempts to assess how effective the state and local cities

jp morgan chase reporting that futures net interest income is a key measure of what the bank makes onin short of analyst expectations ations and stock down 6% shaving 730 bernards healthcares off the dow and wells fargo falling into the trading and jamie dimon warning warning that persistent inflationary pressures continue to weigh on the economy. and cricking to the inflation worries rising oil prices that touched a six month high on r ising tensions in the middle east and finally a warning for ewe middle income stacks filers and tax day approaches more than half of outrebounded ditterman targets 63% earned 2 million or less. 4 million? it's 200,000. larry: sure, willie sutton, the famous economist with the money. why go after the middle class? that's yours truly money is. gerri will willis, the best ofe best. thanks ever so much. with us now is kevin hassett, former chair of council of economic advisers. distinguished fellow at hoover institutions and author of most important book of the century called drift stopping socialism. import price up 0.4 in march after 0.3 in february and

jp morgan chase considered by many to be the gold standard 2.2 times tangible book and fifth third bankgional side 2.1 times contrast that to the lower valuations on a price to tangible book basis here look at citigroup shares, which maided a discount to their book value. 70 cents on the dollar there citizens financial and goldman tasachs at 1.4 as well one of the measures traders and investors look for right now it seems there is an interesting development here with a tale of two banks happening. courtney, back over to you. >> thank you so much, don. everybody on the committee had some financials ownership. let's start with you what do you like here? why do you like it >> goldman number one, first and foremost, look, look at what the stock has done stocks hit a new high. it is trading great. but the palace intrigue about david solomon faded into the distant because he's done a great job. you can't disassociate stock performance with the ceo and this is all without the equity markets being really open for ipos this is without mna resuming the record uphill, you know, in penetration beca

well, the head of the nation's largest bank is warning that us interest rates could soar to 8% even higher. >> in his annual letter to shareholders, jp morgan chaseeo jamie dimon wrote that record high deficit spending and geopolitical stress will make it more difficult for the fed to fight inflation by traditional measures. he says investors started the year predicting that the fed would cut rates up to three times, maybe four. but after a strong jobs report friday, he says investors anticipate far fewer cuts. fed chair jay powell acknowledged the dangers of cutting those rates too soon. >> if we reduce rates too soon, there's a chance that inflation would pop back and we'd have to come back in and that would be very disruptive. that would not be a good thing for the economy. >> the fed's actions do affect rates on credit cards, mortgages and car loans. on wednesday, the government will release a key report on inflation data. >> these types of activities are incredibly dangerous, not just to responding officers, but to the entire public at large. >> all right, side shows over the weekend really got out of hand across the bay area. coming up toni