JPMorgan Chase has agreed to pay $75 million to settle a lawsuit by the U.S. Virgin Islands, which alleged that the bank facilitated and benefited from the sex trafficking activities of its customer, Jeffrey Epstein. The settlement includes $55 million for Virgin Islands charities and anti-trafficking efforts, $10 million for a fund providing mental health services for Epstein's victims, and $20 million for attorneys' fees. JPMorgan also reached a confidential settlement with former executive Jes Staley, who was friends with Epstein. The bank stated that it "deeply regrets" its association with Epstein and will implement anti-trafficking measures.

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