A federal judge sentenced Charlie Javice to seven years in prison for defrauding JPMorgan Chase in her fintech company’s $175 million sale, emphasizing her misconduct over the bank’s due diligence failures. Meanwhile, YouTube settled a lawsuit with Donald Trump, agreeing to pay $24.5 million after banning him from the platform following the Capitol riot.
In other news, Jared Kushner’s Affinity Partners is part of a $55 billion leveraged buyout of Electronic Arts, promising significant growth potential despite regulatory scrutiny. First Brands, an Ohio car parts firm, filed for bankruptcy with over $10 billion in liabilities, marking a surprising collapse that entangles major Wall Street players. Citi’s investment banking division is on the upswing under Vis Raghavan’s leadership, aiming to improve the bank’s market standing.
Discussion Prompt: How might Kushner’s involvement in the EA buyout influence public perception of Saudi investments in the U.S. tech sector, especially amidst current geopolitical tensions?
