JPMorgan CEO Jamie Dimon has found himself in the midst of controversy after it was revealed that he may have discussed Jeffrey Epstein’s accounts at the bank, despite claiming otherwise. The Wall Street Journal reported that Dimon denied having any conversations about Epstein with fellow bank executive Jes Staley. However, Staley has now come forward to refute Dimon’s claims, stating that they did indeed discuss Epstein’s accounts.
The news comes amidst mounting criticism of JPMorgan’s relationship with Epstein, who was a customer of the bank for many years. Despite numerous red flags, JPMorgan reportedly continued to work with Epstein, even after he pleaded guilty to soliciting prostitution from a minor in 2008. The bank has since tried to distance itself from Epstein, with Dimon testifying that other executives could have cut ties with the financier.
However, The New York Times has reported that JPMorgan is now attempting to deflect blame for its long-standing relationship with Epstein. The bank has reportedly claimed that it had no knowledge of Epstein’s crimes and that they only continued to do business with him due to his wealth and connections.
Despite JPMorgan’s attempts to distance itself from Epstein, the controversy is unlikely to die down any time soon. With Dimon’s credibility now in question and calls growing for greater scrutiny of the bank’s practices, it remains to be seen how JPMorgan will respond to the ongoing scandal.