JPMorgan Shares Slide on Senate Epstein Probe Plan
JPMorgan shares fell 4% on Thursday after a report said Senate Democrats plan to look into the bank's past ties with Jeffrey Epstein. The probe could examine decisions made by senior executives, including those in its wealth management division. Investors are watching whether bank leaders could be called before the Senate.
Context
Context: Jeffrey Epstein was a New York financier convicted of sex-related charges in 2008 and died in jail in 2019. JPMorgan paid a settlement in 2023 over its handling of his accounts, so the bank's past links are already a public issue.
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