The bank is suing former exec Jes Staley for doing business with Epstein for years, in an attempt to separate itself from the alleged trafficker.
late on Wednesday in federal court in Manhattan, the bank is now trying to use Staley as a shield to protect it from any association with the convicted sex criminal. JPMorgan sued Staley for damages, alleging that he hid his “inappropriate relationship” with Epstein and claiming that using Epstein to help win his friends as clients was an act of “disloyalty.” For his support of Epstein, JPMC seeks to recoup his compensation from 2006 until 2013, worth at least $80 million.
If a court finds him liable, it would be another major blow to Staley, whoIt’s an obvious move, trying to separate the already disgraced banker from the reputation of the largest bank in the world by market capitalization. JPMorgan Chase is currently on the wrong end of a, alleging that the bank benefited for years from its connection to Epstein.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Sues Former Executive Jes Staley Over Jeffrey Epstein TiesThe bank sued the former executive to hold him personally liable for his relationship with Jeffrey Epstein and to protect the bank from claims it helped the disgraced financier.
Read more »
JPMorgan sues former executive Jes Staley over ties to Jeffrey EpsteinJPMorgan Chase is suing its former executive Jes Staley, alleging that he aided in hiding Jeffrey Epstein's yearslong sex abuse and trafficking in order to keep the financier as a client.
Read more »
JPMorgan sues ex-exec Jes Staley over Jeffrey Epstein tiesJes Staley, the former CEO of Barclays, should personally be on the hook for damages JPMorgan Chase will have to pay out, according to court papers.
Read more »
JPMorgan sues ex-senior banker Jes Staley over Jeffrey Epstein tiesJPMorgan has sued its former investment banking chief Jes Staley over his ties to Jeffrey Epstein, alleging that Staley is to blame for any legal fallout from a pair of lawsuits against the bank. EamonJavers reports.
Read more »
JPMorgan Wants Ex-CEO to Pay Over Epstein LawsuitsJPMorgan is throwing its former chief executive Jes Staley under the bus as the bank faces legal battles over its relationship with Jeffrey Epstein, a new court filing reveals.
Read more »
JYJ Jaejoong's label releases statement on his previous tax issues | allkpopJYJ Jaejoong's label C-JeS Entertainment has released a statement on his previous tax issuesOn March 9, C-JeS Entertainment released an offi…
Read more »