WeSearch

House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties

Luke Fountain· ·1 min read · 0 reactions · 0 comments · 2 views
#house#lawmakers#grill#former#jpmorgan
House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties
TL;DR · WeSearch summary

Staley is on record defending Epstein and encouraging JPMorgan to keep him as a client," Comer, R-Ky., told CNBC outside Staley's closed-door interview with the committee. "So we have a lot of questions about that."Staley served as Epstein's private banker during his more than three decades at JPMorgan and maintained a close personal relationship with him for years. He subsequently lost an appeal of a decision banning him from the U.K. financial industry for misleading regulators about those ties.JPMorgan agreed in 2023 to pay $290 million to settle a lawsuit brought by Epstein's victims and $75 million to resolve a separate case brought by the U.S.

Key facts
Original article
CNBC — Top · Luke Fountain
Read full at CNBC — Top →
Opening excerpt (first ~120 words) tap to expand

House Oversight Committee Chair James Comer said Thursday that former JPMorgan Chase investment banking chief Jes Staley encouraged the bank to retain Jeffrey Epstein as a client despite internal red flags about the convicted sex offender."It appears that within JPMorgan there were flags — red flags — about Epstein, but Mr. Staley is on record defending Epstein and encouraging JPMorgan to keep him as a client," Comer, R-Ky., told CNBC outside Staley's closed-door interview with the committee. "So we have a lot of questions about that."Staley served as Epstein's private banker during his more than three decades at JPMorgan and maintained a close personal relationship with him for years. U.K.

Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.

Anonymous · no account needed
Share 𝕏 Facebook Reddit LinkedIn Threads WhatsApp Bluesky Mastodon Email

Discussion

0 comments

More from CNBC — Top