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Jes Staley

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Staley to testify before House panel on Epstein ties
politics1 day ago

Staley to testify before House panel on Epstein ties

Jes Staley has agreed to a July 23 voluntary interview with the House Oversight Committee about his ties to Jeffrey Epstein, joining a series of high-profile figures questioned about Epstein. Staley, a former JPMorgan Chase executive and ex-Barclays CEO, previously faced UK regulator scrutiny over how he described his relationship with Epstein and was banned from the UK financial sector; JPMorgan has paid settlements related to Epstein. The Oversight panel has already interviewed several other prominent figures connected to Epstein as it widens its inquiry.

via CNBC|
#barclays#epstein#house-oversight-committee
business2 years ago

JPMorgan settles Epstein lawsuits and pays $75 million in sex-trafficking suit

JPMorgan has reached a settlement in the lawsuits filed by the US Virgin Islands and Jes Staley, the CEO of Barclays, related to their dealings with convicted sex offender Jeffrey Epstein. The terms of the settlement were not disclosed. The lawsuits accused JPMorgan of facilitating Epstein's financial transactions and failing to properly monitor his accounts. This settlement comes after JPMorgan agreed to pay $920 million in fines to resolve investigations into its role in manipulating precious metals and Treasury markets.

via Financial Times|
#business#epstein-lawsuits#jes-staley
JPMorgan lawsuit against former exec over Epstein ties moves forward
business3 years ago

JPMorgan lawsuit against former exec over Epstein ties moves forward

JPMorgan Chase & Co can proceed with its lawsuit against former executive Jes Staley for concealing what he knew about Jeffrey Epstein, a former client of the bank. Staley, who is also a former Barclays CEO, could be liable for millions of dollars over his ties to Epstein. JPMorgan wants him to cover losses it may incur in two lawsuits saying it should have cut ties to Epstein because it knew or should have known he sexually abused young women and girls. Epstein died in a Manhattan jail in August 2019 while awaiting trial for sex trafficking.

via Reuters|
#business#jeffrey-epstein#jes-staley
JPMorgan's Epstein Lawsuit Against Former Exec Jes Staley Moves Forward
legal3 years ago

JPMorgan's Epstein Lawsuit Against Former Exec Jes Staley Moves Forward

Former JPMorgan executive Jes Staley has lost his bid to dismiss a complaint by the bank that seeks to hold him legally liable for sex trafficking by former JPMorgan customer Jeffrey Epstein. The bank filed a third-party complaint against Staley in March, arguing that if the Virgin Islands proves its allegations, "Staley is solely liable to the USVI, or liable to JPMC for all sums awarded to the USVI and against JPMC, if any, at trial." The suit also seeks to claw back more than $80 million in compensation that Staley received from the bank, where he worked for three decades.

via CNBC|
#jeffrey-epstein#jes-staley#jpmorgan
JPMorgan and ex-executive dispute accountability in Epstein case.
business3 years ago

JPMorgan and ex-executive dispute accountability in Epstein case.

JPMorgan Chase & Co is suing its former private banking head, Jes Staley, accusing him of entangling the bank with late financier and convicted sex offender Jeffrey Epstein. The bank wants Staley to cover some or all damages it might face in lawsuits brought by Epstein's accusers and the US Virgin Islands over its ties to Epstein. Staley has denied knowing about Epstein's crimes and accused JPMorgan of using him as a "public relations shield" for its own supervisory failures. The cases are slated for an Oct. 23 trial.

via Reuters|
#business#jeffrey-epstein#jes-staley
business3 years ago

JPMorgan's Claims on Jeffrey Epstein Ties Dismissed by Jes Staley's Lawyers.

Lawyers for Jes Staley, the CEO of Barclays, have criticized JPMorgan for making "absent" claims about Staley's ties to Jeffrey Epstein. JPMorgan had previously accused Staley of having a professional relationship with Epstein, but Staley's lawyers argue that JPMorgan has not provided any evidence to support these claims. The legal battle between Staley and JPMorgan highlights the ongoing scrutiny of the financial industry's connections to Epstein.

via Financial Times|
#business#financial-industry#jeffrey-epstein
JPMorgan accuses ex-exec of hindering Epstein ties cut.
finance3 years ago

JPMorgan accuses ex-exec of hindering Epstein ties cut.

JPMorgan Chase alleges that its former executive Jes Staley "thwarted" its efforts to cut ties with convicted sex offender Jeffrey Epstein during his tenure at the bank. The bank has sued Staley, claiming he should be held liable for any financial damages it might have to pay from two lawsuits that alleged it enabled Epstein’s sex-trafficking operation. JPMorgan has denied liability. Staley has called the accusations "baseless" but has expressed regret for his relationship with Epstein.

via NBC News|
#finance#jeffrey-epstein#jes-staley
business3 years ago

JPMorgan CEO accused of hindering Epstein ties severance

JPMorgan has accused Jes Staley, the CEO of Barclays, of thwarting the bank's efforts to sever ties with Jeffrey Epstein. According to a lawsuit filed by JPMorgan, Staley, who was then the head of JPMorgan's private bank, intervened to keep Epstein as a client despite concerns about his conduct. The lawsuit alleges that Staley's actions violated JPMorgan's policies and that he misled the bank's compliance team about his relationship with Epstein.

via Financial Times|
#banking#business#financial-services
JPMorgan CEO Jamie Dimon to be deposed in Epstein lawsuit while United Airlines posts Q2 profit.
business3 years ago

JPMorgan CEO Jamie Dimon to be deposed in Epstein lawsuit while United Airlines posts Q2 profit.

JPMorgan CEO Jamie Dimon has been ordered by a US federal judge to be deposed for two days over what he knew about the bank's relationship with Jeffrey Epstein, the late financier and sex offender. The bank faces lawsuits from women who claim Epstein sexually abused them and from the US Virgin Islands, where he had a home. JPMorgan is also suing its former private banking chief, Jes Staley, for allegedly concealing what he knew about Epstein. Dimon can be questioned by plaintiffs' lawyers for five hours and by Staley's lawyer for two hours.

via The Guardian US|
#business#jamie-dimon#jeffrey-epstein
Former JPMorgan executive to be tried in Epstein case alongside co-defendants.
legal3 years ago

Former JPMorgan executive to be tried in Epstein case alongside co-defendants.

A U.S. judge has rejected requests to sever JPMorgan Chase & Co's lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender. The decision is a defeat for Staley, who said the scheduled Oct. 23 trial for all three cases left him too little time to defend against JPMorgan's "slanderous" accusations. It is also a defeat for women who claim that Epstein sexually abused them and are suing the largest U.S. bank.

via Reuters|
#jeffrey-epstein#jes-staley#jpmorgan-chase-and-co
legal3 years ago

Jes Staley's Bid to Sever Case from Epstein Claims Denied.

Jes Staley, the CEO of Barclays, has lost his bid to sever his case from other Epstein claims. Staley is being sued by Lisa Mogensen, a former employee, who claims that he tried to uncover the identity of a whistleblower who raised concerns about Staley's relationship with Jeffrey Epstein. The judge ruled that the claims were "sufficiently similar" to other Epstein-related cases to be heard together.

via Financial Times|
#claims#epstein#jes-staley