FT News Briefing US presidential debate recap, EY’s Wirecard warning, JPMorgan spoofing settlement
Sep 30, 2020
The U.S. presidential debate went off the rails with heated clashes between Joe Biden and Donald Trump, impacting undecided voters. A major spotlight also shines on JPMorgan Chase, which faces a historic $920 million settlement for spoofing in market manipulation. Meanwhile, scrutiny deepens on EY for its delayed response to warnings about Wirecard's fraud, with a whistleblower alerting them as far back as 2016. These issues reveal significant upheaval in both politics and finance.
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Chaotic Debate
- The first 2020 presidential debate between Joe Biden and Donald Trump was chaotic and hard to follow.
- It was difficult to extract productive insights for voters.
COVID-19 Debate
- One key topic was COVID-19 and the candidates' starkly different approaches.
- Biden criticized Trump's handling of the pandemic, highlighting the death toll.
Race and Policing
- The debate highlighted racial inequality and policing following George Floyd's death.
- Trump focused on "law and order," while Biden labeled him a "racist."