Lawyers for the U.S. Virgin Islands and JPMorgan Chase have struck a deal that will have bank CEO Jamie Dimon answer questions under oath about the organization’s dealings with Jeffrey Epstein. The news comes after much wrangling over whether Mr. Dimon would be deposed in the pending lawsuit against the bank, in which the USVI claims that JPMorgan turned a blind eye to the criminal exploits of Epstein, a convicted sex offender, while handling his business accounts. The bank denies the allegations, and says any impropriety in the relationship was solely due to former executive Jes Staley. JP Morgan is suing Staley in an effort to have a court rule that he is liable for any damages that may be awarded as a result of the pending lawsuits against it. Initially, JPMorgan had resisted the idea of having Mr. Dimon deposed, saying that he was not…
The U.S. Department of Labor announced Monday that it has obtained a consent judgment that requires…
"Passion and Purpose", a book that features 21 inspiring stories from women in the U.S. Virgin Islands…
Government House announced Wednesday that Governor Albert Bryan is leading a USVI delegation of representatives…
Banks in USVI are Safe, Lt. Governor Says Following…
Ernice Gilbert March 14, 2023The dramatic and swift collapse of the Silicon Valley Bank (SVB) in California on March 10 has led the…
SBA Event Aimed at Helping Local Businesses Gain…
Staff Consortium March 12, 2023The Small Business Administration has announced that it will join forces with federal and state agencies,…
Rasta Organization Asks for 'Safety Net' For…
Elesha George March 10, 2023One Rastafarian organization in the U.S. Virgin Islands is making recommendations for locals to capitalize…
EDA Excitedly Approves Lease For Expansion of…
Janeka Simon March 02, 2023A lengthy decision meeting of the V.I. Economic Development Authority Board earlier this week considered…
The struggle to find and provide safe,affordable housing in the territory is not just limited to public agencies like the Virgin Islands Housing Authority. The decimation of the U.S.V.I’s housing st...
Ahead of a scheduled hearing early next month, Limetree Bay Ventures, LLC, (Ocean Point Terminals) is asking a federal judge to toss out applications for preliminary injunctions in four civil suits th...
The V.I. Port Authority Board of Governors met for their regular monthly meeting earlier this week, receiving updates on ongoing work and discussing other matters of import to VIPA and the territory.Â...
The Amps Entrepreneurship Leadership Institute has trained another cohort of students in the U.S. Virgin Islands to consider ways in which they can increase agricultural production in the territory. T...
The assessment of the British Virgin Islands as a 'non-cooperative jurisdiction for tax purposes' by the European Union is a technicality, said the territory's government. On Tuesday, a statementÂ...
The 2022 Economic Census is underway, says the VI Bureau of Economic Research (VIBER). The census, conducted every five years, compiles “detailed information on the structure and functioning of the...
While the public-private partnership sought to develop the two major airports in the USVI are expected to spur economic development across the territory, from officials’ remarks during Wednesday’s...
Wednesday's gathering of over 60 professionals from the aviation, construction and finance sectors at the Cyril E. King Airport on St. Thomas was hailed as a success by officials from the Virgin Islan...
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