Business & Finance
Former JPMorgan executive shared confidential bank details with Jeffrey Epstein, congressional transcript shows
Jes Staley disclosed Federal Reserve communications and bank inflow data to Epstein while maintaining he was unaware of his sex-trafficking crimes.
The short version
- A newly released House oversight committee transcript shows former JPMorgan executive Jes Staley voluntarily admitted to sharing market-sensitive bank information with Jeffrey Epstein.
- Staley disclosed details regarding Federal Reserve communications during the 2008 financial crisis, $44 billion in private bank inflows, and pending deals.
- Staley testified that he believed he had the authority to share the information and stated he was unaware of Epstein's illegal activities.
Key facts
- In a July 24 interview with the House oversight committee, former JPMorgan executive Jes Staley admitted to sharing confidential bank details with Jeffrey Epstein.[The Guardian]
- Disclosed information included communications with the Federal Reserve during the 2008 financial crisis, $44 billion in private bank inflows over two weeks, and pending deals.[The Guardian]
- Staley confirmed signing documents to be named a trustee of Epstein's estate in 2014 and 2015 before eventually declining to serve.[The Guardian]
- Staley testified that he warned Epstein he was designated a high-risk client and noted the bank's concerns about his cash withdrawals.[The Guardian]