Life After Epstein at America's Top Bank
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
JP Morgan, the largest bank in America, with more than $3 trillion in assets, received glowing plaudits earlier this year for springing into action and working closely with U.S. Treasury Secretary Janet Yellen to head off a major banking crisis.
Yet behind the scenes, JP Morgan Chief Executive Jamie Dimon was battling a far more intractable problem: A $190 million lawsuit filed against the bank by the U.S. Department of Justice in the U.S. Virgin Islands, alleging it profited off the sex-trafficking operation of late predator-financier Jeffrey Epstein.
Source Fool.com