CryptoPotato
JPMorgan Stock Slides on Epstein Probe Fears: Bitcoin Has No CEO to Drag Into the Scandal
xCruzo Brief
JPMorgan Chase shares fell more than 4% to below $340 after reports said Senate Democrats are preparing a new investigation into the bank’s historical relationship with convicted sex offender Jeffrey Epstein. CNBC said Democratic staff on the Senate Finance Committee plan to examine how senior JPM executives handled Epstein once they take control of Congress early next year. Mary Erdoes, CEO of the bank’s Asset & Wealth Management division, is expected to be among those in focus. A JPMorgan spokesperson said the bank regrets any association but did not help Epstein commit crimes. The stock decline erased the post-midterm rally.
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