Jack Mallers brings Bitcoin and Epstein into Chase debanking rant
Chase says it closed Mallers’ accounts after detecting “concerning activity” that may violate the Bank Secrecy Act.
Chase says it closed Mallers’ accounts after detecting “concerning activity” that may violate the Bank Secrecy Act.
JP Morgan will assume insured and uninsured deposits totalling $92 billion, and $30 billion in securities from First Republic Bank.
Despite JP Morgan chairman Jamie Dimon’s longstanding hatred of crypto, his bank has a lengthy history of dabbling in digital currencies.
One of the world’s largest banks has been quietly working on a multi-trillion dollar project called institutional DeFi, but setbacks remain.