Financial record, 2013-12-06

EXHIBIT 55¶

AM Reputation Risk Committee Meeting Summary Confidential - Attorney Client Privilege¶

NAME	Ghislaine Maxwell CLIENT SPONSOR	James Buckley
	MEETING LOCATION AND	John Duffy’s office
MEETING DATE	December 6, 2013 TIME	11:00 am ET
SUBMITTING MD	Alma DeMetropolis (UHNW)

DESCRIPTION¶

• Ghislaine was originally referred to the PB by Jes Staley and has been a client of the bank since 1985.
• She does not work, but volunteers for a charitable organization she founded, The TerraMar Project (www.terramarproject.org). TerraMar’s mission is to create and empower a global community of ocean citizens. It promotes awareness, responsibility and transparency of the high seas. The web-based nonprofit empowers the global community through citizenship, education and social engagement through The TerraMar Project.
• She is the daughter of the late Robert Maxwell o Robert Maxwell was a Czechoslovakian-born British media proprietor and Member of Parliament. He from poverty to build an extensive publishing empire. o His death triggered the collapse of his publishing empire as banks called in loans. His sons briefly struggled to keep the business together, but failed as the news emerged that Maxwell had stolen hundreds of millions of pounds from his own companies’ pension funds. The Maxwell companies applied for bankruptcy protection in 1992.
• Shortly before Maxwell’s death, a former employee of Israel’s Military Intelligence Directorate intelligence agency Ari Ben-Menashe, had approached a number of news or anizations in Britain and the United States with the allegation that Maxwell and the Daily Mirror’s foreign editor, Nicholas were both long-time agents for Mossad. Ben-Menashe also claimed that in 1986 Maxwell had told the Israeli Embassy in London that Mordechai Vanunu had given information about Israel’s nuclear capability to The Sunday Times, then to the Doily Mirror. Vanunu was subsequently kidnapped by Mossad and smuggled to Israel, convicted of treason and imprisoned for 18 years.

REPUTATION ISSUES RAISED PRIOR AND DURING THE MEETING¶

Negative News:¶

• 2011 Media alleging Maxwell solicited young girls for then boyfriend Jeffrey Epstein.
• Jeffrey Epstein was convicted for solicitation of a prostitute and procuring a person under age 18 for prostitution. He was the subject of a previous Management Review and is currently being exited from the Bank.

COMMITTEE DECISION AND REASONING¶

DECISION: Exit client¶

REASONING:¶

• Negative media human rights issue.

CONDITIONS REQUIREMENTS	RESOLUTION TIMEFRAME	FOLLOW-UP OWNER	CONDITION SIGN-OFF
Exit client – checking, brokerage, and managed accounts	TBD – after review of accounts	James Buckley

OTHER RRC RECOMMENDATIONS — N/A¶

RRC ATTENDEES

Committee Chair/CEO – John Duffy Committee Chair/Deputy CEO – Kelly Coffey Committee Vice-Chair/Head, GWM Business Risk – [REDACTED] Lencyk General Counsel – Anne Verdon Compliance Managing Director – Lisa Belle COO U.S. Private Bank – David Wezdenko CFO Private Bank - Jeff Whitaker Business Quality Control/Managing Director – Kevin McCleerey

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	Committee Secretary/ Business Quality Control Manager – Kathie Gruszczyk
	Regional Director – Marc Sheridan Managing Director – Alma DeMetropolis Private Banker – James Buckley Business Quality Control Manager – Bonnie █ Business Quality Control Manager – Cindy Habig Compliance Manager - Tamer Yalav
ADDITIONAL ATTENDEES