FT News Briefing Beijing’s big bailouts
Mar 29, 2023
Jamie Dimon's upcoming testimony about JPMorgan's ties to Epstein stirs intrigue. The Middle East is seeing a surge in IPOs, attracting global investors. Meanwhile, China's bailout lending is expanding to support its faltering Belt and Road Initiative. On a different note, former FTX CEO Sam Bankman-Fried faces bribery charges involving Chinese officials. The interconnectedness of these events paints a compelling picture of today’s financial landscape.
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Dimon's Deposition
- Jamie Dimon will testify about JP Morgan's relationship with Jeffrey Epstein.
- Two lawsuits allege JP Morgan ignored warnings and benefited from Epstein's crimes.
Middle East IPO Boom
- The Middle East is experiencing a surge in IPOs, raising a record $22 billion in 2022.
- High oil prices, political stability, and government reforms are driving this growth.
Bankman-Fried's Bribery Charges
- Sam Bankman-Fried is charged with bribing Chinese officials with $40 million in cryptocurrency.
- This adds to existing charges against him related to FTX's collapse.