Deutsche Bank Agrees $75 Million Settlement Linked To Epstein-Related Suit – Report

Editorial Staff

18 May 2023

before moving to Barclays. JP Morgan has accused Staley, its former head of private banking, of "intentional and outrageous conduct" in concealing information about Epstein, with whom he had been friends. The lawsuit seeks to force Staley to return eight years of compensation and reimburse JP Morgan for damages the company might incur in the other lawsuits, a report had said.

Staley has reportedly acknowledged having been friendly with Epstein, but expressed regret for their relationship and denied knowing about the financier's alleged crimes. As subsequently reported in late April, Staley said in court filings that JP Morgan was using him as a “public relations shield” in its legal battle over working with Epstein and trying to “deflect blame” from its failures.