President Trump on Friday directed the Justice Department to investigate Jeffrey Epstein's connections to a number of high-profile people but also set the largest bank in the U.S. in his crosshairs: JPMorgan Chase.

Why it matters: Trump's cited several names — including former President Clinton — that have come under scrutiny for their association with the convicted sex offender, on the heels of House Democrats releasing emails detailing the president's own links to Epstein. • In 2023, JPMorgan settled a case with the U.S. Virgin Islands over allegations the bank assisted and benefited from Epstein's sex trafficking. • The bank also settled a case with one of its former executives and a class-action suit brought by survivors of Epstein's trafficking that year.

Driving the news: Trump

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