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modified will not likely change the outlook. LM feels its strong positioning in global
document IMAGES-002-HOUSE_OVERSIGHT_014354.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…lients. A lower potential corporate tax rate would not likely benefit AB given its tax structure/low current tax rate. BankofAmerica <2” 40 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014354

Table 1: Current cross asset trades
document IMAGES-002-HOUSE_OVERSIGHT_014433.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…B/ZAR (positive on oil, cautious on S African politics). ¢ Short EUR/SEK, strong Swedish growth, limiting room for Riksbank easing. Current trade recommendations 2 Global Cross Asset Strategy - Year Ahead | 30 November 2016 BankofAmerica <2” Merrill Lynch HOUSE_OVERSIGHT_014...

Table 17: Match estimate summary
document IMAGES-003-HOUSE_OVERSIGHT_014913.txt Apr 4, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…Street EBITDA margins 25% 35% 35% 37% Source: BofA Merrill Lynch Global Research estimates, Bloomberg, as of 4/4/2017 BankofAmerica <2 ; ; Merrill Lynch Internet/e-Commerce | 06 April2017 27 HOUSE_OVERSIGHT_014913

likely. Mr. Gray also thinks that concerns over the commercial real estate market
document IMAGES-002-HOUSE_OVERSIGHT_014356.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…t the time of the IPO, and that culture of innovation, growth, and investing for attractive returns is alive and well. BankofAmerica <2” 42 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014356

¢ StubHub trends as StubHub GMV comps are tough in 1H’17 (32% y/y growth in
document IMAGES-003-HOUSE_OVERSIGHT_014904.txt Apr 4, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

… for retail investors, although GARP focused Internet investors may prefer stronger growth at Google or Priceline. ; ; BankofAmerica <2” 18 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014904

Summary of Open Trades (19-Jun-17)
document IMAGES-003-HOUSE_OVERSIGHT_014992.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…well for outperformance Cheapen long XLF upside to near 8y lows via selling upside on structurally challenged European banks & relatively more bearish outlook for US rates vs EU USDJPY and NKY the biggest beneficiaries of a Trump win Banks and Insurance are the most leveraged...

Summary of Open Trades (5-Jun-17)
document IMAGES-007-HOUSE_OVERSIGHT_023597.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…well for outperformance Cheapen long XLF upside to near 8y lows via selling upside on structurally challenged European banks & relatively more bearish outlook for US rates vs EU Still depressed equity-bond correlation (US 5Y bonds vs. SPX in the 37th%-ile since Jun-88) cheapens...

Darren Indyke
email TEXT-001-HOUSE_OVERSIGHT_026607.txt Nov 7, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Sent: To: Subject: Darren Indyke 11/8/2014 1:20:15 AM Jeffrey Epstein [[email protected]] Fwd: Breaking News: Obama to Nominate Loretta Lynch as U.S. Attorney General Importance: High Sent from my iPhone Begin forwarded message: From: NYTimes.com News Alert <nytdirect@n...

office in Washington, DC, and he was reported to have “major investments” in Bank Al-Taqwa, a notori
document IMAGES-007-HOUSE_OVERSIGHT_023396.txt Sep 11, 2001 House Oversight Committee — Epstein Estate Records (Nov 2025)

…EPTEMBER 11, 2001., 2012 WL 257568 (2012) office in Washington, DC, and he was reported to have “major investments” in Bank Al-Taqwa, a notorious Specially Designated Global Terrorist. JA3125-26, 3146. Dallah al Baraka “is a shareholder of Aqsa Islamic Bank, a bank that Israel h...

Snap (Neutral, $25 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014920.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…inutes, it is useful for relative comparisons. The data puts Snapchat minutes per user well above Twitter, but still . Bankof America 34 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014920

from large domestic pension funds and the recovery in the price of copper explain the
document IMAGES-003-HOUSE_OVERSIGHT_014771.txt Nov 16, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…expect the currency to weaken further in 1Q17 as interest rates move higher in the US, and we do not expect the central bank to intervene, as it would likely be the case in Peru. In order to reduce the carry cost of the funding currency without losing the neutral exposure to meta...

Volatility in Europe
document IMAGES-003-HOUSE_OVERSIGHT_014980.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Volatility in Europe Buy EU banks dispersion: (+) basket call, (-) worst-of calls Trade: Long Dec17 105% call on an equally weighted basket of SAN, BNP, ING, ISP & DBK*, short Dec17 ATM worst-of call on the same basket for 1.8% indic. (correl bid: 81%). * We pick the top 5 stoc...

Eye on the Market, June 14, 2011
email TEXT-001-HOUSE_OVERSIGHT_030006.txt Jun 14, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ssed firsthand the explosion in blame-shifting and scapegoating for every negative experience in life. Today, despite bankruptcy, we are still dealing with litigation from individuals who fell in or near our restaurant. Despite these injuries, not every misstep is the fault of...

Eye on the Market | March 15, 2012 J.P Morgan
document IMAGES-007-HOUSE_OVERSIGHT_024134.txt Mar 15, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ed a program through which municipalities can issue bonds with government guarantees (rather than having to borrow from banks); eased first time homebuyer restrictions; and injected capital into its biggest banks. What the China debate is really about is whether these measures wi...

ie JA3609, 3780, 3838, 3868-69, 4513, 4530-31, 5982, 6212; R.1257, Ex. 4, pp. 16-17, 27 (Amaout Evid
document IMAGES-007-HOUSE_OVERSIGHT_023413.txt Sep 11, 2001 House Oversight Committee — Epstein Estate Records (Nov 2025)

…, Ex. 5, p. 10 (October 22, 2003 Testimony of Former National Security Advisor Richard A. Clarke before the U.S. Senate Banking Committee). 2 JA3838-39, 4365, 6208-09, 6236. So JA3724. a1 The pleadings allege that al Rajhi Bank senior officers Saleh al Rajhi, Suleiman al Rajhi’...