Key facts
- Former JPMorgan Chase executive Jes Staley told U.S. lawmakers he shared confidential bank information with Jeffrey Epstein.
- Staley disclosed details of JPMorgan's communications with the Federal Reserve during the 2008 financial crisis.
- He also shared information on $44 billion in private bank inflows and pending deals with Epstein.
- Staley admitted to sharing his own compensation and details of client relationships with Epstein.
- Staley confirmed he was appointed as a trustee of Epstein's estate, signing documents in 2014 and 2015.
Former JPMorgan Chase executive Jes Staley admitted to U.S. lawmakers that he repeatedly shared confidential and market-sensitive information with Jeffrey Epstein, according to transcripts released by the House Oversight Committee. Staley, who ran JPMorgan's private bank and asset-management business while Epstein was a client, testified in July as part of the committee's investigation into Epstein's connections with political and business elites.
During his voluntary, closed-door interview, Staley stated he divulged details of the bank's communications with the Federal Reserve during the 2008 financial crisis, a figure of $44 billion in private bank inflows over two weeks, his own compensation, and information on pending deals to Epstein. He also shared other confidential JPMorgan information and discussed client relationships and developments related to his eventual move to Barclays.
Staley defended these exchanges, asserting he believed he had the authority to share information when deemed appropriate. He maintained a close professional relationship with Epstein but claimed ignorance of his crimes. Staley also testified that he informed Epstein about the bank's concerns regarding his large cash withdrawals and designated him a high-risk client.
Further scrutiny of Staley's relationship with the disgraced financier, who died in jail in 2019 while awaiting trial on sex-trafficking charges, has emerged. Staley confirmed he was appointed as a trustee of Epstein's estate, signing relevant documents in 2014 and 2015, though he later declined to serve. The oversight committee has also interviewed other prominent figures, including former President Bill Clinton, Commerce Secretary Howard Lutnick, Microsoft co-founder Bill Gates, and Goldman Sachs senior counsel Kathy Ruemmler, as part of its ongoing probe.