Bill’s Commentary:
”Since when does a CEO not attend an earnings call?”
Jamie Dimon Goes Missing from Earnings Call, After Dumping $183 Million of His JPMorgan Chase Stock Earlier this Year
We can’t remember a time when the Chairman and CEO of the largest, most complex and scandal-ridden bank in the United States, Jamie Dimon of JPMorgan Chase, was too busy to squeeze in an appearance at the company’s heavily-scrutinized quarterly earnings call with analysts. That happened last Friday.
When something happens for the first time at a bank that has racked up five felony counts, has been doled out non-prosecution and deferred-prosecution agreements by the U.S. Department of Justice in a steady drumbeat since 2014, and spent most of last year in the headlines for a decade of sluicing tens of thousands of dollars per month in hard cash to the international sex trafficker of children, Jeffrey Epstein, it pays to sit up and pay attention.
Bill’s Commentary:
”Where is this found in the Western news media?”
Bloomberg: Saudi Arabia threatens G7 to “dump” European securities if Russia’s frozen assets are confiscated
Ukraine risks being left without the Russian frozen assets promised to it by the West; the G7 countries received a corresponding warning from Saudi Arabia. Bloomberg reports this.
According to the agency, at the beginning of the year, Saudi Arabia hinted to the G300 countries that it could get rid of European debt obligations if they touched frozen Russian assets in the amount of $XNUMX billion. Although Riyadh did not directly say which countries’ securities were at risk, France would presumably suffer the most.
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