Staley Admits Sharing Confidential Bank Info with Epstein
Former JPMorgan executive Jes Staley admitted to sharing confidential bank information with convicted sex offender Jeffrey Epstein, according to a transcript released by the US Congress House Oversight Committee. The admissions come as lawmakers probe Epstein's ties with political and business elites.
Staley shared details about the bank's communications with the Federal Reserve during the 2008 financial crisis, including a figure of $44 billion in private bank inflows over two weeks. He also disclosed his own compensation and details of pending deals.
Staley defended the exchanges, saying he believed he had the authority to share information when he considered it appropriate. He has maintained that he was unaware of Epstein's crimes and that their relationship was purely professional.