JPMorgan Exec Admits Sharing Confidential Info with Epstein
Former JPMorgan Chase executive Jes Staley admitted to sharing confidential bank information with convicted sex offender Jeffrey Epstein, according to a transcript released by the House oversight committee. Staley divulged sensitive details about the bank's communications with the Federal Reserve during the 2008 financial crisis, including $44bn in private bank inflows over two weeks and pending deals.
Staley claimed he had the authority to share information when he considered it appropriate, despite his role as a high-ranking executive at JPMorgan. He also testified that he informed Epstein about the bank's concerns over his large cash withdrawals and designated him as a high-risk client.
The disclosures add new detail to scrutiny of the relationship between Staley and Epstein, who had extensive ties with prominent people in politics, finance, academia, and business. Staley spent more than three decades at JPMorgan before leading Barclays from 2015 until his resignation in 2021.