Ten Democratic senators are urging a congressional hearing on JPMorgan Chase ($JPM) and its long-standing relationship with Jeffrey Epstein. The call includes testimony from CEO Jamie Dimon and other executives about the bank’s decision to retain Epstein as a client for years despite red flags.
- Sen. Elizabeth Warren, ranking Democrat on the Senate Banking Committee, said JPMorgan executives should testify under oath.
- Epstein maintained dozens of accounts at JPMorgan before and after his 2008 conviction, remaining a client until 2013.
- The bank settled lawsuits tied to Epstein for $365 million with victims and the U.S. Virgin Islands, without admitting wrongdoing.
- Compliance officers had flagged concerns during Epstein’s tenure as a client, according to court documents.
- JPMorgan has sought to shift blame to former executive Jes Staley, who later settled litigation with the bank.
- Senators also urged hearings on Deutsche Bank, where Epstein moved accounts after JPMorgan severed ties.
Relevant Companies
- JPM – Facing renewed political and public scrutiny over its past ties to Epstein and related settlements.
- DB – Also cited by lawmakers as a financial institution with ties to Epstein after JPMorgan ended its relationship.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
