JPMorgan Chase's stock fell Tuesday after the bank agreed to pay $75 million to settle remaining litigation related to Jeffrey Epstein.
Shares of JPMorgan Chase & Co. slumped Tuesday after the bank announced an agreement in principle with the U.S. Virgin Islands to pay $75 million to settle remaining litigation related to Jeffrey Epstein.
Under terms of the settlement, the bank will contribute $30 million to support charitable organizations in U.S. Virgin Islands aimed at fighting human trafficking and other sex crimes, and to support survivors. “While the settlement does not involve admissions of liability, the firm deeply regrets any association with this man, and would never have continued doing business with him if it believed he was using the bank in any way to commit his heinous crimes,” the bank said.
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