UK- International Investment Summit 2024

The government has announced the date of the International Investment Summit as it drives forward national mission for growth.

• UK will host major International Investment Summit on 14 October 2024 as it drives forward national mission for growth.
• Prime Minister to bring together up to 300 industry leaders to catalyse investment in the UK.
• Chancellor Rachel Reeves and Business and Trade Secretary Jonathan Reynolds will confirm UK is open for business.

The UK will host a major International Investment Summit on 14 October 2024, advancing opportunities for investment and growth across the country.

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Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

• JPMorgan disclosed that the Consumer Financial Protection Bureau could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network.
• In response, JPMorgan issued a thinly veiled threat: "The firm is evaluating next steps, including litigation."
• The prospect of a bank suing its regulator would've been unheard of in an earlier era, according to policy experts, but a combination of factors has created an environment where banks and their regulators have never been farther apart.
• Banks, airlines, pharmaceutical companies and energy firms have found ways to undermine the power of federal agencies, according to legal experts.

Buried in a roughly 200-page quarterly?filing?from JPMorgan Chase last month were eight words that underscore how contentious the bank's relationship with the government has become.

The lender disclosed that the?Consumer Financial Protection Bureau?could punish JPMorgan for its role in Zelle, the giant peer-to-peer digital payments network. The bank is accused of failing to kick criminal accounts off its platform and failing to compensate some scam victims,?according to people who declined to be identified speaking about an ongoing investigation.

In response, JPMorgan issued a thinly veiled threat: "The firm is evaluating next steps, including litigation."

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