JPMorgan in $75m deal to settle Epstein legal troubles

Jeffrey Epstein (New York State Sex Offender Registry via AP)

Hannah Levitt and Ava Benny-Morrison
© Washington Post

JPMorgan Chase reached settlements with former executive Jes Staley and the US Virgin Islands (USVI) over ties to Jeffrey Epstein, as it seeks to end its legal woes over its banking relationship to the deceased paedophile.

The biggest US bank tentatively agreed to pay $75m (€71m) to the USVI, according to a statement yesterday – less than half of the $190m the territory had sought. JPMorgan also reached a confidential agreement with Mr Staley to resolve the firm’s claims against him.