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Around $55m of the settlement will go towards organisations and law enforcement agencies that work to combat sex crimes

Investment Banking Editor

JPMorgan has reached a settlement with the US Virgin Islands and Jes Staley to draw a line under a long-running legal claim over its dealings with convicted sex offender Jeffrey Epstein.

The bank said in a statement that it has agreed to pay a total of $75m to the US Virgin Islands to settle the case, which has unveiled damaging details of JPMorgan's dealings with Epstein.

JPMorgan pays $75m to settle Epstein lawsuits with Virgin Islands and Jes Staley

Paul Clarke

JPMorgan

Barclays

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