JPMorgan CEO Jamie Dimon testifies at a Senate Banking Committee hearing on Capitol Hill in Washington in September, 2022.Jacquelyn Martin/The Associated Press
JPMorgan CEO Jamie Dimon has received a letter from Democratic Senator Elizabeth Warren about whether he lobbied the U.K. government against a tax on bankers’ bonuses on the advice of Jeffrey Epstein, the Senate Banking Committee said on Monday.
The news follows the release of a cache of documents earlier this year by the U.S. Department of Justice that has piled pressure on some policy-makers and high-profile executives on their links with the late convicted sex offender.
“It is critical that Congress and the American public fully understand the extent of any interactions the bank and you had with Epstein,” Warren, the top Democrat on the committee, said in the letter to Dimon.
The Financial Times was the first to report the news.
JPMorgan CEO Jamie Dimon to be interviewed under oath in Jeffrey Epstein case
Earlier this year, the FT revealed, citing emails released by the DoJ, that in 2009, Lord Peter Mandelson, then Britain’s business secretary, told Epstein that Dimon should “mildly threaten” Alistair Darling, the chancellor at the time, over a proposed tax on banker bonuses.\
JPMorgan told Reuters in a statement on Monday that Dimon “never met with him, never e-mailed him, and was not involved in any decisions about his account,” reiterating the stance from his 2023 deposition about the bank’s relationship with Epstein.
“On the matter of ‘lobbying’ in the U.K. – Jamie regularly speaks his mind on bad, anti-growth policy and has his own views. At no point did he take counsel from him, directly or indirectly,” the bank said, referring to Epstein.
Epstein had been a JPMorgan client from 1998 until the bank terminated him in 2013, years after he pleaded guilty to prostitution-related charges. The largest U.S. lender agreed to pay about US$290-million to settle a class-action lawsuit by Epstein’s victims in 2023.
“Any association with the man was a mistake and we regret it, but we would not have continued doing business with him had we believed he was engaged in ongoing crimes,” JPMorgan said in the statement.
“We exited him as a client in 2013 – years before his federal sex trafficking arrest and years after the government had damning information they kept from us.”
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Warren detailed questions and requested documents from Dimon and other JPMorgan employees detailing communications with Epstein and U.K. government officials.
“These resurfaced emails and related reporting raise serious questions regarding the extent of the bank’s relationship with Epstein, and your knowledge of these ties,” the letter said.