JP Morgan agrees to pay $290m to settle lawsuit brought by Jeffrey Epstein victims

JP Morgan has agreed to pay roughly $290m (£232m) to settle a lawsuit brought on behalf of alleged victims of convicted sex offender Jeffrey Epstein.

Attorneys for the bank said it was “in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse”.

The lawsuit had alleged the largest US bank ignored warning signs about its client during a 15-year relationship.

The agreement is subject to court approval.