JPMorgan Chase reaches settlement with victims of Jeffrey Epstein’s abuse

Lawsuit claims that officials at the bank ignored warning signs about Epstein's abuse because he was a wealthy client

JPMorgan Chase has announced a tentative settlement in a legal claim brought by a woman who said that the US banking giant knowingly benefited from sexual abuse that she and others suffered at the hands of disgraced financier Jeffrey Epstein.

The value of the settlement for a class of plaintiffs that has grown to encompass as many as 100 women or more is placed at $290m, said a source familiar with the terms.