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Around $55m of the settlement will go towards organisations and law enforcement agencies that work to combat sex crimes

Investment Banking Editor

JPMorgan has reached a settlement with the US Virgin Islands and Jes Staley to draw a line under a long-running legal claim over its dealings with convicted sex offender Jeffrey Epstein.

The bank said in a statement that it has agreed to pay a total of $75m to the US Virgin Islands to settle the case, which has unveiled damaging details of JPMorgan's dealings with Epstein.

JPMorgan pays $75m to settle Epstein lawsuits with Virgin Islands and Jes Staley

Paul Clarke

JPMorgan

Barclays

Finance

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Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

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Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

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The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

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Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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