Second-quarter profit for JPMorgan Chase fell 28 percent from a year earlier as the bank built $428 million in bad loan reserves and suspended share buybacks.
Earnings were $8.65 billion, or $2.76 per share, compared to the $2.88 forecast, according to a Refinitiv survey. The bank also achieved revenues of $31.63 billion, compared to $31.95 billion estimated for the same period.
A year ago, the bank benefited from freeing up a $3 billion reserve, and revenues rose by 1%, driven by higher interest rates, but it is still less than analysts’ expectations.
“We are dealing with two conflicting factors, and we operate on different schedules,” Chief Executive Jamie Dimon said in a statement. Pointing out that the US economy continues to grow, and that the labor market and consumers’ ability to spend consumers are in good health. But geopolitical tensions, high inflation, declining consumer confidence, and uncertainty regarding high rates, combined with unprecedented quantitative tightening and its impact on global liquidity, as well as the war in Ukraine and its detrimental impact on global energy and food prices are very likely to have Negative consequences for the global economy at some point in the future.
The defense of the renowned designer Nancy González de Barberi began to file legal mechanisms following his capture, last Thursday in Cali (Colombia), for the purpose of extradition to USA.
The so-called designer of international jet set leather bags She is facing criminal proceedings in a Florida federal court for allegedly having illegally introduced dozens of her expensive bags into that country, which can exceed $10,000 each.
EL TIEMPO revealed how Paola Soto, an old collaborator of the designer, was captured in Miami and ended up becoming a witness for the authorities following paying two years in jail and reaching a collaboration agreement.
To this are added dozens of emails, follow-up videos and testimonials that would show that the designer knew how a network of people who received training and payments worked. to smuggle expensive leather goods through commercial flights pretending they were gifts and samples for shops and displays.
This conduct may represent González a severe sentence and fine that appears in one of the sections of the indictment, in the hands of EL TIEMPO.
The sentence and the fine
Indeed, the official document states that the designer can be sentenced to a sentence of up to 20 years for the crime of smuggling goods. In addition, an additional 5 years in prison are contemplated for the crime of conspiracy, for sending accessories of the exclusive brand through human mail.
American investigators determined that, between 2016 and 2019, the designer and two of her collaborators sent -through human mail- handbags, purses and wallets made with the skin of exotic animals such as alligators, babillas and snakes.
To this is added the millionaire fine that the designer’s company in New York must cover: Gzuniga LTD, founded in New York in 2007. For the crimes indicated, the firm would have to pay a fine of one million dollars.
Although it may be a low sum compared to the cost of the bags, in Colombia the designer’s company is in financial trouble. In fact, she was seized last December balances in bank accounts for more than 1,700 million pesos.
Against this background, the family of the renowned designer is considering exploring a possible rapprochement with justice in the United States, which had even been explored for months.
Meanwhile, in Colombia they seek his freedom due to his age (77 years) and the fact that he is a person without criminal record or blemish.
On Sunday, three days following his capture, they filed a habeas corpus. But as revealed EL TIEMPO, this Monday an administrative court denied it, as inadmissible. There, irregularities were alleged in the procedure that triggered his capture.
Sri Lanka’s President, who fled mass protests, announced his resignation today. Gotabaya Rajapaksa emailed his resignation shortly following arriving in Singapore, a spokesman for the speaker said. Rajapaksa fled the capital Colombo shortly before the presidential palace was stormed on Saturday. He then announced his resignation to allow for a “peaceful transfer of power”.
The spokesman told the AFP news agency that the “authenticity and legality” of Rajapaksa’s email must now be checked. An official confirmation of the resignation is expected for tomorrow. Rajapaksa’s resignation would be the first by a Sri Lankan president since the establishment of a presidential system of government in 1978.
First, Rajapaksa fled to the Maldives with his wife in a military plane. His arrival there, however, sparked protests. Dozens of Sri Lankans demonstrated in Male, the capital of the Maldives, calling on the local government not to offer sanctuary to Rajapaksa. Now he is on a “private visit” in Singapore.
According to information from Sri Lankan security circles, Rajapaksa might continue to the United Arab Emirates. According to observers, the president wanted to avoid being arrested by leaving the country before resigning.
With the purpose of expanding the spaces for the student and teaching community of the Autonomous University of the State of Mexico (UAEMéx) to develop their capacities with academic quality, the rector Carlos Eduardo Barrera Díaz laid the first stone of works that will be built in the faculties of Medicine and Dentistry, which together will have an investment of more than 41 million pesos.
In the Faculty of Medicine, the rector explained that the resources for the works are of a federal nature, through the Multiple Contributions Fund (FAM) 2022. He said that in accordance with the legality and transparency of the exercise of the resources, the works were publicly tendered and have a delivery date of next December.
“We did a project that had been in the making since the last administration, because we know regarding the needs of the School of Medicine, which has been growing very well in terms of enrollment, teaching, and research, and entered into a contest at the federal SEP level so that we resources were given and three of the requested projects benefited: Engineering, Dentistry and Medicine and, fortunately, Medicine is the one with the most resources”, the rector shared with the university community.
In the Faculty of Medicine, construction work began on Building “F” for the Nutrition Degree, for the benefit of 5,303 members of the university community, of whom 4,660 are students and 643 teachers.
The work, which adds up to 2,067 square meters of construction, has an investment of more than 34 million pesos and will have space for six laboratories, six evaluation cubicles, a medical examination cubicle, a meeting room, 10 classrooms, bathrooms for men and women, parking, warehouse area, machine room and site.
In the Faculty of Dentistry, the expansion of the Endodontics Clinic began, benefiting 881 teachers and 709 students; It will have reception areas, X-rays, sterilization, lockers, storage and 12 cubicles.
The work, which has a construction area of 411 square meters, has an investment of close to seven million pesos.
The different acts of laying the first stone were attended by the Secretary of Administration of the UAEMéx, Eréndira Fierro Moreno, the Secretary of the Rector’s Office, Marco Aurelio Cienfuegos Terrón, authorities of the beneficiary academic spaces and the university community in general.
