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JPMorgan's Jes Staley Loses Appeal Over Epstein Ban

Source: Ex-Barclays CEO Jes Staley Loses Appeal Over Jeffrey Epstein Ban (2025-06-27)

JPMorgan Chase's former CEO Jes Staley has lost his legal appeal against a ban from the bank related to his connections with Jeffrey Epstein. The appellate court upheld a lower court's decision that JPMorgan was justified in restricting Staley from certain banking activities due to concerns over his association with Epstein, who was convicted of sex offenses. The ruling emphasizes the bank's efforts to protect its reputation and comply with regulatory standards amid ongoing scrutiny of its past dealings with Epstein. Staley's legal challenge argued that the ban was unjustified, but the court found that JPMorgan had sufficient grounds to impose restrictions, citing risks to its reputation and compliance obligations.

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