The fallout for JPMorgan has been limited. In 2023, it paid $290 million to settle a lawsuit brought by roughly 200 of Epstein’s victims and an additional $75 million to resolve related litigation brought by the U.S. Virgin Islands, where many of Epstein’s crimes took place. The payments were a rounding error for a company that raked in more than $50 billion in profits that year. (The bank didn’t admit wrongdoing and is trying to force its insurers to cover some of the litigation costs.) No regulator took action against JPMorgan. No executives lost their jobs. Dimon remains one of the most powerful bankers in the world.
Yep. Did you reach the article’s punchline?
Gross