JPMorgan Chase's Epstein settlement; profits as red flags?

JPMorgan Chase makes anti-trafficking pledges in latest Epstein settlement: The $75 million deal between the megabank and the U.S. Virgin Islands includes various commitments, such as terminating customers' accounts if there is credible information that the accounts are involved in human trafficking.

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Can big profits be a red flag in banking? Yes, a new study finds. Bankers often use return on equity to measure their success, but the banks whose stock prices have suffered most during past crises are the ones with high ROEs, according to new research. The findings add to academic skepticism about high-profit banks.

Menendez scandal may stymie flood insurance, other Senate Banking business: The indictment of Sen. Bob Menendez, D-N.J., is inconvenient for some Democratic priorities, but unlikely to impact a cannabis banking bill up for debate in the Senate Banking Committee.

Square's Canadian cannabis deal plants seeds for U.S. growth: The payment company's partnership with tech firm Jane is focused on Canada, but it enables a quick expansion if the SAFER Banking Act passes.

Branch spotlight: From Caracas to Miami, one branch manager's banking journey: Born in Venezuela, Lolita Perozo initially came to the U.S. to further her education and improve her English. Now 20 years into her banking career, she serves as a branch manager for Amerant Bank in Florida and her boss describes her as "always looking for additional opportunities to give back to the community."

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