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03.03.26 - 19:36
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"I′d Be Angry, Too": Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices (ZeroHedge)
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"I'd Be Angry, Too": Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices
JPMorgan Chase CEO Jamie Dimon said Monday that Donald Trump's $5 billion lawsuit over the closure of his accounts “has no merit,” but added, “They have the right to be angry. I'd be angry, too.”
Trump claims JPMorgan and other banks shut his accounts for political reasons, according to CNBC. Dimon said banks are often “forced” to debank clients due to legal and regulatory pressures tied to reputational risk. “We debank people because it causes legal, regulatory risk for us,” he said, noting it's easier for banks to avoid that risk.
Trump sued JPMorgan and Dimon in January, part of a broader legal campaign that also includes claims against Capital One, media outlets, and the IRS. JPMorgan has acknowledged closing dozens of Trump-related accounts after the Jan. 6, 2021, Capitol attack.
“But I agree with them,” Dimon said during an interview in Miami. “Like...
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26.02.26 - 14:03
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Kueski Appoints Pablo Baragiola, Former Robinhood, Nubank and Capital One Executive, as Vice President of Fraud (Business Wire)
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Company doubles down on trust, security, and AI-driven decisioning to support responsible growthMEXICO CITY--(BUSINESS WIRE)--Kueski, one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, today announced the appointment of Pablo Baragiola as Vice President of Fraud. The appointment reflects Kueski's continued focus on strengthening core platform capabilities as it scales one of the most widely used digital financial ecosystems in Mexico.
Kueski operates the #1 finance app on Android in Mexico, with nearly one million app downloads each month, and has issued around 40 million loans to date. Operating at this level of scale, AI-driven decisioning is a core platform capability, enabling efficient capital deployment, strong platform performance, and a seamless customer experience.
Baragiola brings more than a decade of experience across consumer finance, payments, and fraud risk at leading global fintech and financial institutions, including Robinhood, Nubank, and Capital...
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23.02.26 - 14:03
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ACORE CAPITAL Announces Closing of $1.1 Billion Commercial Real Estate CLO (Business Wire)
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NEW YORK--(BUSINESS WIRE)--ACORE CAPITAL, one of the leading U.S. commercial real estate investment managers, today announced the closing of ACORE 2026-FL1, a $1.1 billion managed commercial real estate collateralized loan obligation (CRE CLO). The CRE CLO's initial collateral pool consists of 22 loans secured primarily by multifamily and industrial properties. The sponsor of the transaction is ACORE Credit Partners II REIT, Inc.
The offered investment-grade securities have been placed with institutional investors. Wells Fargo Securities, LLC acted as sole structuring agent, with JPMorgan, Morgan Stanley, Goldman Sachs, and Capital One serving as joint bookrunners, and Sumitomo Mitsui Banking Corporation acting as co-manager.
“We're pleased to partner with such a distinguished group of investment banks and institutional investors on this transaction,” said Warren de Haan, CEO of ACORE CAPITAL. “The successful execution of this CRE CLO demonstrates positive views of our firm, loan portfolio and our...
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18.02.26 - 15:03
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TheZebra.com Welcomes Former Google Product Leader Daniel Herrington as Chief AI Officer (Business Wire)
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Veteran technology and product executive joins innovative insurtech to expand AI capabilities and further improve consumers' insurance shopping experienceAUSTIN, Texas--(BUSINESS WIRE)--TheZebra.com, the easiest way to compare and buy insurance, today announced the appointment of Daniel Herrington as Chief AI Officer. Herrington brings more than a decade of experience in AI product development to the leading insurtech company, having served in multiple senior roles at Google, Vroom, Capital One and Priceline.
In this role, Herrington leads the charge on how The Zebra uses the power of AI for developer experience, customer empowerment, and advisor enablement, as well as engagement with leading AI labs. His growing team is implementing and optimizing AI tooling systems across the entire company, improving engineering, product development, marketing, finance and legal functions. The technology is also being used to create new and innovative ways to help consumers find the best possible insurance and to equi...
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