An ex-JPMorgan Chase executive testified in London court that Jeffrey Epstein knew more about what was going on at the top levels of the bank than he did. Jes Staley who went on to become chief executive of Barclays following his stint at JPMorgan " claimed that Epstein, the convicted child sex offender and disgraced financier who died in prison in 2019, had a "remarkable ability" to gather Wall Street intel. "Mr. Epstein was also well connected within the upper levels of JPMorgan itself," Staley said during his second day in the witness box as he appealed a proposed ban and $2.3 million fine from London's financial regulatory agency. "He seemed to be aware of things relating to the bank, that I was not aware of," Staley added. Staley " who is attempting to overturn a lifetime ban that the Financial Conduct Authority announced in 2023 " acknowledged his relationship with Epstein went beyond work. In 2000, JPMorgan's then-chief executive Douglas "Sandy" Warner told Staley he should get to know Epstein, Staley claimed in his witness statement. "Sandy Warner recommended that I should become acquainted with Mr. Epstein because he was an exceptionally well connected man who could help me, in my capacity at JPM, to form business relationships with influential and other well connected individuals," he said. Staley claimed he was not the only high-level figure at JPMorgan in touch with Epstein.
Latest
Latest News
Each news summary is created according to strict standards. Here's how we do it.
Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.