JP Morgan settles Epstein lawsuit with US Virgin Islands for $75m

Settlement includes $30m to support charitable organisations, $25m to strengthen law enforcement to combat human trafficking, and $20m for lawyer's fees

Jeffrey Epstein died in 2019 in a Manhattan jail while awaiting trial for sex trafficking.

JP Morgan Chase has reached settlements with the US Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest US bank for months.

The settlements conclude the final pieces of major litigation in a saga involving women who said Epstein sexually abused them, and which embroiled some of the world's most powerful figures in finance and business.