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.

JPMorgan Chase will not admit liability in the case, but upon the settlement's approval the bank will put out a statement regretting its association with Epstein, David Boies, one of the victims' attorneys, told CNN.

"We all now understand that Epstein's behaviour was monstrous," lawyers for the bank said in a statement on Monday.