JPMorgan Payout Doesn’t End Its Epstein Troubles: Paul J. Davies

JPMorgan Chase & Co. will pay as much as $290 million to victims of sex trafficker Jeffrey Epstein under the terms of a proposed settlement agreed Monday. But this payout is far from the end of the bank’s reckoning over a relationship it now says it deeply regrets.

This is a big settlement, and an unusual one in that, in effect, it makes JPMorgan accountable for the crimes of a client, although the bank will not admit or deny liability as part of the settlement, according to a person familiar with the wording who didn’t want to be named because the full terms aren’t ...