Larry Summers resigning from Harvard University over Jeffrey Epstein ties

Former Treasury Secretary Larry Summers will resign from his remaining roles at Harvard University over his ties to Jeffrey Epstein, the school confirmed to CBS News on Wednesday.

Summers will retire at the end of the academic year but will remain on leave until then, a Harvard spokesperson said in a statement.

Summers stepped back from his public commitments in November after the release of messages between him and the late convicted sex offender.

“I have made the difficult decision to retire from my Harvard professorship at the end of this academic year,” Summers said in a statement Wednesday. “I will always be grateful to the thousands of students and colleagues I have been privileged to teach and work with since coming to Harvard as a graduate student 50 years ago.”

He added, “Free of formal responsibility, as President Emeritus and a retired professor, I look forward in time to engaging in research, analysis, and commentary on a range of global economic issues.”

This is a breaking news story. Check back for updates.