JPMorgan faces scrutiny after WSJ says prosecutors reviewed whistleblower claims

A Senate Democrats Finance Committee report, cited by NPR, alleges that JPMorgan Chase, Bank of America, and Deutsche Bank knew of suspicious transactions linked to Jeffrey Epstein for years but delayed filing suspicious activity reports. The report cites Treasury documents and bank records, saying Epstein moved over $1 billion. Deutsche Bank and Bank of America deny wrongdoing; JPMorganChase did not comment.

Blackstone is proposing a $36 billion debt financing for Anthropic to fund use of Google custom AI chips across five data center locations, according to people cited by Bloomberg. The earlier $35 billion structure involved Broadcom, Apollo, and Blackstone via AI XPV Platform, with Broadcom supporting senior tranches. Anthropic has confidentially filed for a US IPO, targeting October, with Morgan Stanley, Goldman Sachs, and JPMorgan involved.

BlackRock will launch tokenized versions of select European money market fund share classes in pounds, euros and US dollars, using JPMorgan’s Kinexys blockchain platform, according to a Bloomberg report. The funds come from BlackRock’s Institutional Cash Series, which manages about $311 billion. Tokens represent shares and can be transferred 24/7 between approved digital wallets, with JPMorgan acting as transfer agent.

Democratic Sen. Ron Wyden released a report alleging JPMorganChase, Deutsche Bank, and Bank of America ignored red flags tied to Jeffrey Epstein and Leon Black, including failures in due diligence on over $170 million in payments. Wyden urged DOJ, Treasury, the Fed, and OCC to investigate and fine banks and individuals. Spokespeople for JPMorgan and Bank of America disputed the findings; Deutsche Bank said it cooperated and strengthened controls.

JPMorgan Chase & Co. said it will invest $750 billion in US housing over the next decade, about 40% more than in the prior 10 years. The bank plans to finance or preserve 1 million affordable units and help 500,000 consumers buy homes, as part of its American Dream Initiative. It also plans to hire 850 home-lending advisers to raise residential mortgage lending by over 45%, according to the company.

JPMorgan Chase said it will deploy more than $750 billion for U.S. housing through 2035, over $200 billion above its prior decade housing deployment and nearly 40% higher. It targets 1 million affordable units for households under 120% of area median income and 500,000 homebuyers, including 200,000 first-timers, via lending and partnerships.