Jes Staley Admits Sharing Confidential Bank Info with Jeffrey Epstein

Former JPMorgan Chase executive Jes Staley shared confidential and market-sensitive information about his bank with convicted sex offender Jeffrey Epstein on multiple occasions, according to a transcript of a closed-door interview released by the US House Oversight Committee. The admissions come as lawmakers probe Epstein's ties with political and business elites.

In 2008, during the financial crisis, Staley divulged to Epstein the bank's communications with the Federal Reserve, which included a figure of $44 billion in private bank inflows over two weeks. He also shared details about his own compensation package and pending deals at JPMorgan, as well as other confidential information about the bank.

Staley defended the exchanges, stating he had the authority to share information when he deemed it appropriate. He maintained that he had a close professional relationship with Epstein but was unaware of his crimes. The disclosures add new detail to scrutiny of the relationship between Staley and Epstein, who died in jail in 2019 while awaiting trial on federal sex-trafficking charges.