Charles Gasparino Tweets 'JPM Launched Massive Internal Investigative Into CEO Jamie Dimon's Emails And Found No Mention Of Convicted Jeffery Epstein, A Former Client Of The Firm Who Died In His Jail Cell Awaiting Trial. JPM Is Said To Have Scoured...'
Portfolio Pulse from Happy Mohamed
JPMorgan has conducted an extensive internal investigation into CEO Jamie Dimon's emails and found no mention of convicted pedophile Jeffrey Epstein, a former client of the firm. Dimon is set to give testimony in civil suits against the bank over its business dealings with Epstein.
May 18, 2023 | 7:45 pm
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NEUTRAL IMPACT
JPMorgan's internal investigation clears CEO Jamie Dimon of any direct involvement with Jeffrey Epstein, potentially reducing legal risks for the bank.
The internal investigation found no mention of Jeffrey Epstein in Jamie Dimon's emails, which may reduce the legal risks for JPMorgan. However, the bank still faces civil suits over its business dealings with Epstein, so the overall impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100