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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100