JPMorgan Settles With Staley, USVI to End Epstein Legal Woes (2)

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.

WATCH: JPMorgan settles with former executive Jes Staley and the US Virgin Islands over ties to Jeffrey Epstein.

Source: Bloomberg

“JPMorgan Chase believes this settlement is in the best interest of all parties,” JPMorgan said in ...