Dimon states Jeffrey Epstein claims have actually affected JPMorgan brand name

JPMorgan Chase CEO Jamie Dimon informed CNBC on Wednesday that claims versus the huge bank associated to its previous customer, the sex culprit Jeffrey Epstein, have actually affected its brand name equity “a little bit.”

“But we banked Jeffrey Epstein and I’m so sorry that we did. I wish we hadn’t,” Dimon informed CNBC’s LesliePicker “Had we known then what we know today, we obviously wouldn’t have.”

“And yes, we make terrible mistakes sometimes and we apologize for it,” Dimon later on stated.

JPMorgan in June consented to go for $290 million a New York federal court claim by an Epstein accuser declaring that the bank allowed Epstein’s sex trafficking of girls throughout the years he kept countless dollars on deposit there, from 1998 to2013 Other victims of Epstein will share in that settlement, in which the bank did not confess misdeed.

The bank is continuing to combat a comparable claim in the exact same court over its relationship with Epstein by the federal government of the U.S. Virgin Islands, which is arranged to go to trial this fall. JPMorgan has actually rejected any misdeed because case.

The Virgin Islands implicates JPMorgan of maintaining Epstein as a customer regardless of several warnings being raised internally about him throughout the years.

Epstein had actually pleaded guilty in 2008 to a Florida state charge of getting sex from a small, 5 years prior to JPMorgan booted him as a customer.

Asked Wednesday if JPMorgan had actually altered the method it vets prospective customers, Dimon stated, “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.”

JPMorgan spokesperson Patricia Wexler, when inquired about Dimon’s remarks, informed CNBC, “Any association with Epstein was a mistake and in hindsight we regret it, but we did not help him commit his heinous crimes.”

“We would never have continued to do business with him if we believed he was engaged in an ongoing sex trafficking operation,” Wexler stated.

Epstein, 66, eliminated himself in a Manhattan federal prison in August 2019, a month after he was apprehended on kid sex trafficking charges.

In May, Republican chief law officers in 19 specifies composed Dimon a letter implicating the bank of closing some clients’ accounts “due to their religious or political affiliation.”

JPMorgan has actually flatly declined that claim, informing The Wall Street Journal at the time, “We have never and would never exit a client relationship due to their political or religious affiliation.”

Last week, workers of Florida retail health business Mercola Market informed the Florida Voice that JPMorgan quickly ended their individual and business checking account without discussing the relocation.

“One of the employees believes the account shutdowns were politically motivated and due to their employer’s controversial stance on COVID-19,” the news outlet reported.Dr Joseph Mercola owns the business.

JPMorgan informed Florida Voice recently, “For privacy reasons, we can’t discuss customer relationships, but we don’t close accounts because of political affiliations, and we didn’t do so in this case.”