JPMorgan said its $75 million settlement with the USVI includes $30 million to support charitable organizations, $25 million to strengthen law enforcement to combat human trafficking, and $20 million for attorney's fees.
Epstein died in August 2019 in a Manhattan jail cell while awaiting trial for sex trafficking.
INTERNAL WARNINGSIn July, USVI said it wanted JPMorgan to pay at least $190 million, including a $150 million civil fine, and possibly much more to resolve the lawsuit.
Deutsche Bank (DBKGn.DE), where Epstein was a client from 2013 to 2018, in May reached a $75 million settlement with women who said Epstein sexually abused them.
Staley has expressed regret for his friendship with Epstein and denied knowing about his sex trafficking.
Persons:
Caitlin Ochs, JPMorgan Chase, Jes Staley, Jeffrey Epstein, Epstein, Staley, Ariel Smith, USVI, JPMorgan, Jamie Dimon, Dimon, Nupur Anand, Lananh Nguyen, Jonathan Stempel, Muralikumar Anantharaman, Daniel Wallis 私
Organizations:
JPMorgan Chase Bank, REUTERS, JPMorgan, U.S . Virgin, Deutsche Bank, Barclays
Locations:
New York City, U.S, Manhattan, York, New York