JPMorgan sues ex-senior banker Jes Staley over Jeffrey Epstein ties
Publishing timestamp: 2023-03-09 10:22:36
Summary
JPMorgan Chase is suing its former investment banking chief, Jes Staley, over his ties to Jeffrey Epstein, alleging that Staley is responsible for any legal fallout from lawsuits against the bank. The company is seeking to claw back Staley's last eight years of pay and make him responsible for potential payouts in lawsuits faced by the bank. Staley has denied knowledge of Epstein's crimes, but JPMorgan has shifted blame to him as pressure on the bank has increased. The legal maneuver is the latest twist in cases that have embroiled the biggest U.S. bank by assets.
Sentiment: NEGATIVE
Tickers: JPM,
Keywords: investment strategy, breakingnewsglobal, jpmorgan chase & co, breaking news: markets, business news, banks, breaking news: investing,