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Jes Staley told lawmakers he shared confidential JPMorgan data with Epstein
In a July closed-door interview, Staley said he disclosed JPMorgan communications with the Federal Reserve during the 2008 crisis, including $44bn in private bank inflows over two weeks and details of pending deals.
Former JPMorgan Chase executive Jes Staley told a US House committee that he repeatedly shared confidential, market-sensitive information from the bank with Jeffrey Epstein, and that he was once named a trustee of Epstein’s estate, according to a transcript released by the House oversight committee.
The Guardian Business reports that during a closed-door, voluntary interview on 24 July, Staley said he provided Epstein with JPMorgan’s communications with the Federal Reserve during the 2008 financial crisis. He also cited $44bn in private bank inflows over two weeks and said he disclosed details of pending deals.
Lawmakers also questioned Staley about other information he discussed with Epstein, including matters involving his compensation, client relationships, and developments tied to his eventual move to Barclays. Staley defended the exchanges, saying he believed he had authority to share information when he considered it appropriate.
The report adds that Staley testified he informed Epstein about JPMorgan’s concerns over Epstein’s large cash withdrawals and that Epstein had been designated a high-risk client. JPMorgan declined to comment, and Staley’s lawyers did not immediately respond to a request for comment.