JPMorgan is contesting a civil lawsuit by the U.S. Virgin Islands, which accuses the bank of enabling sex trafficking by Jeffrey Epstein over the years.
"But we banked Jeffrey Epstein and I'm so sorry that we did. I wish we hadn't," Dimon told CNBC's Leslie Picker. "Had we known then what we know today, we obviously wouldn't have."JPMorgan in June agreed to settle for $290a New York federal court lawsuit by an Epstein accuser alleging that the bank enabled Epstein's sex trafficking of young women during the years he kept millions of dollars on deposit there, from 1998 to 2013.
The Virgin Islands accuses JPMorgan of retaining Epstein as a client despite multiple red flags being raised internally about him over the years. Asked Wednesday if JPMorgan had changed the way it vets potential clients, Dimon said, "Yes, because we have to be very careful again, we can't kick out people based on allegations, but again, yes, I think we can do more, particularly around a whole bunch of things."
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