Ex-UBS Exec Appeals Underage S.x Conviction, JPMorgan Stock Could Take $20bn Hit


Bloomberg reports that Juerg Buergin, a former UBS Executive Director of operations sentenced to prison for having s.x with an underage prostitute in Singapore, has filed an appeal of his conviction, his lawyer said.

The 41-year-old former firm Executive Director was found guilty in April of two counts of paying $600 and $650 for the sexual services of the minor at luxury hotels in Singapore.

Buergin was sentenced to four months three weeks in clink.

In the meantime, JPMorgan Chase shares would probably fall by about 10% if CEO Jamie Dimon leaves the company, Mike Mayo, an analyst at CSLA, said Monday in a research note to clients.

Bloomberg reports that JPMorgan’s market value would likely drop by about $20bn if shareholders vote on May 21 to strip Dimon of his chairman role and he leaves as some analysts predict, Mayo said.

Ex-UBS Executive Appeals Sex Conviction in Singapore

JPMorgan Stock Would Decline 10% If Dimon Leaves Bank, Mayo Says


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