jpmorgan

A former jpmorgan banker of Nepalese descent alleged that a senior executive coerced him into “non-consensual and humiliating sex acts" while threatening his career and subjecting him to racial abuse. According to a WSJ report, the bank unsuccessfully tried settling the case before the lawsuit was filed

The case has gone viral because it flips the usual assumptions around workplace abuse. The complainant is male. The accused executive is female. The setting is not a grimy back office but jpmorgan Chase, the great Wall Street mothership of American finance.

jpmorgan is currently under scrutiny as a high-profile lawsuit unfolds, with allegations against top executive Lorna Hajdini involving sexual misconduct, racial harassment, and the drugging of a junior staff member. The Indian employee alleges he endured a toxic work environment rife with racist remarks and pressure tactics.

A jpmorgan Chase executive is accused in a lawsuit of sexually harassing and abusing a junior male employee, including allegations of drugging him and racial abuse. The plaintiff claims the firm retaliated after he reported the conduct, placing him on involuntary leave. jpmorgan Chase denies the allegations, stating an internal investigation found no evidence.

A turbulent situation is unfolding at jpmorgan Chase as a former junior banker has leveled serious allegations against one of the firm's executive directors, claiming sexual abuse, coercion, and racial harassment. The ex-employee describes ongoing misconduct followed by retaliatory actions taken after they reported the matters.

jpmorgan Chase CEO Jamie Dimon identified bureaucracy as a 'silent killer' that breeds complacency and inefficiency within organizations. He urged companies to eliminate managers who foster such practices, emphasizing the need to focus on outcomes and share information transparently. Dimon advocates for assigning critical tasks to small, focused teams to increase accountability and speed up decision-making.

A 35-year-old former South Asian-origin employee of JP Morgan Chase has made some shocking claims of being pressured into “non-consensual and humiliating” sexual encounters by a senior female colleague. She has categorically denied all allegations

jpmorgan Chase CEO Jamie Dimon cautioned that the booming private credit market faces significant challenges when the next credit cycle hits, citing the sector's size and uneven standards. He also highlighted cybersecurity risks, geopolitical instability, and potential inflationary pressures as key concerns for the global economy.

Zoom CEO Eric Yuan predicts AI will significantly shorten the traditional five-day workweek, envisioning digital agents handling routine tasks like emails and meetings. He believes this shift will free up employees for more meaningful work and leisure, drawing parallels to historical industrial advancements.

Anthropic CEO Dario Amodei issued a stark warning to U.S. institutions, revealing their AI model Mythos uncovered tens of thousands of software vulnerabilities. He emphasized a critical, narrow window to patch these flaws before China's AI catches up, potentially leading to widespread breaches and financial damage.

JP Morgan executive Lorna Hajdini denies allegations of sexual harassment and abuse made by a junior employee in a lawsuit. The company's internal investigation found no evidence to support the claims, stating the complainant refused to cooperate. The lawsuit alleges coercive sexual acts, drugging, and professional retaliation.

Oracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, highlighting financial pressures despite efforts to secure funding.

Global oil inventories are rapidly depleting due to the Iran war disrupting crude flows from the Persian Gulf, leading to concerns of price spikes and shortages. Asia faces immediate pressure, with some nations potentially experiencing shortages within a month as reserves hit multi-year lows. Strategic reserves are being deployed, but this further weakens the global safety buffer.

jpmorgan has shifted its stance on Indian equities to neutral, citing high valuations and geopolitical uncertainties. The brokerage warns of a potential 15% Nifty 50 decline in a worst-case scenario, impacting earnings due to energy supply risks. While the long-term outlook remains robust, near-term caution is advised, with other emerging markets potentially offering better opportunities.

Oracle's mass layoff of 20,000 employees via email on March 31, 2026, has sparked employee backlash over severance terms and WARN Act loopholes. Workers are contesting the company's offer of limited severance and the denial of accelerated stock vesting, with many feeling unfairly excluded from protections.

KPMG's advisory division, with 10,000 employees, now uses a dashboard to track AI usage, aiming for more frequent and sophisticated adoption. The company believes regular AI users produce higher-quality work and feel less stressed. While over 90% of US employees use AI weekly, some express concerns about the dashboard's accuracy and potential for manipulation.