JPMorgan Chase reached a tentative settlement with sexual abuse victims of Jeffrey Epstein, the deceased financier, after weeks of embarrassing disclosures about the bank’s longstanding relationship with him, the bank and lawyers for the victims said in a statement on Monday (Tuesday AEST).

David Boies, one of the lead lawyers for the victims, said the bank was prepared to pay $US290 million ($430 million) to resolve the lawsuit. The parties initially had agreed not to disclose the settlement amount in their joint statement, as it was set to be included in a court filing within the next week.