Ex-JPMorgan executive admits sharing bank secrets with Jeffrey Epstein

Jes Staley, a former high-ranking executive at JPMorgan Chase and previously the CEO of Barclays, has confessed to U.S. congressional investigators that he repeatedly provided confidential and market-sensitive information to convicted sex offender Jeffrey Epstein. The admissions were revealed in records released by the U.S. House Oversight Committee.

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I disclosed to Epstein the communications of the bank with the Federal Reserve during the 2008 financial crisis, including the inflow of $44 billion in private banking within two weeks, and mentioned my own compensation and details of pending transactions.

During a closed-door session in July, Staley acknowledged sharing details about JPMorgan's communications with the Federal Reserve during the 2008 financial crisis. He also disclosed information regarding private banking inflows totaling $44 billion within a two-week period, as well as his own compensation and details of pending transactions. Staley further admitted to sharing other confidential information from JPMorgan with Epstein.

Staley defended his actions, asserting his right to share information at "appropriate" times and characterizing his relationship with Epstein as strictly professional. He claimed ignorance of Epstein's criminal activities. However, records also show Staley was designated as a trustee for Epstein's estate, a role he later refused to fulfill due to a desire to distance himself from Epstein's assets.

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I had the right to share information at appropriate times.

JPMorgan Chase declined to comment on the matter, and Staley's attorney did not respond to requests for comment. Staley worked at JPMorgan for over 30 years, overseeing private banking and asset management, where Epstein was a client. He resigned from Barclays in 2021 following revelations of his association with Epstein.

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I always maintained a close professional relationship with Epstein and was unaware of the crimes he committed.