JPMorgan Chase has reached settlements with the US Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest US bank for months.The settlements conclude the final pieces of litigation in a saga involving women who said Epstein sexually abused them, and which embroiled some of the world’s most powerful figures in finance and business.JPMorgan said its $75m settlement with the USVI includes $30m to support charitable organizations, $25m to strengthen law enforcement to combat human trafficking, and $20m for attorney’s fees.
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