Jeffrey Epstein was a long-time customer at JPMorgan (JPM), with more than $200M in his accounts, generating millions of revenue for the bank, David EnrichMatthew Goldstein and Jessica Silver-Greenberg of The New York Times reports. Additionally, Epstein helped JPMorgan orchestrate an important acquisition, meet executives who would become clients, and aided in strategizing global opportunities. Based on the documents gathered by the Times, bank officials were anxious about Epstein’s wire transfers and cash withdrawals for over a decade and warned senior management about his activities, but the bank’s leaders overrode those objections several times and continued to serve Epstein.
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