JPMorgan Settles With Jes Staley, US Virgin Islands to End Epstein Legal Woes
- Bank to pay $75 million to USVI, did not disclose Staley terms
- Bank had settled with Epstein victims for $290 million in June
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JPMorgan Chase & Co. reached settlements with former executive Jes Staley and the US Virgin Islands over ties to Jeffrey Epstein, as it seeks to end its legal woes over its banking relationship to the deceased pedophile.
The biggest US bank tentatively agreed to pay $75 million to the USVI, according to a statement Tuesday — less than half of the $190 million the territory had sought. JPMorgan also reached a confidential agreement with Staley to resolve the firm’s claims against him.