JPMorgan's Connections To Sex Offender Jeffrey Epstein Detailed In Report
Portfolio Pulse from Bibhu Pattnaik
JPMorgan Chase & Co (NYSE:JPM) reviewed its connections with sex offender Jeffrey Epstein in 2019, revealing frequent business advice provided by Epstein to former JPMorgan executive Jes Staley. The bank reached a $290-million settlement in principle with Epstein's victims last week.
June 19, 2023 | 8:11 pm
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JPMorgan's connections with Jeffrey Epstein revealed in internal report; bank reached a $290-million settlement with victims last week.
The news about JPMorgan's connections with Jeffrey Epstein and the recent $290-million settlement with his victims is negative for the bank's reputation and may cause short-term downward pressure on the stock price. The bank's involvement in the scandal is directly related to its operations and management, making it highly relevant and important for investors.
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IMPORTANCE 80
RELEVANCE 100