Topline
Senator Elizabeth Warren (D‑Mass.) sent a letter to JPMorgan Chase CEO Jamie Dimon last week, seeking details about the bank’s long‑standing relationship with Jeffrey Epstein. The request follows the release of the Epstein files, which have rekindled scrutiny of the firm’s dealings with the financier and whether Dimon was aware of them.
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon speaks at the Statue of Liberty in New York City, on July 1, 2026.
AFP via Getty Images
Key Facts
The Senate Banking Committee made Warren’s letter public on Monday after the Financial Times reported that she had contacted Dimon the previous week.
Warren highlighted JPMorgan’s “extended business relationship” with Epstein, who was a client from 1998 to 2013. Epstein generated roughly $8 billion in fees for the bank and opened at least 134 accounts.
Dimon testified in 2023 that he never met or knew Epstein. However, emails from the Epstein cache show Epstein and former UK Business Secretary Peter Mandelson discussing how Dimon could sway the UK government to oppose a new bankers’ bonus tax—an effort Dimon reportedly carried out.
Warren also cited a 2010 email in which Epstein’s assistant asked about arranging a meeting that would include Mandelson, Dimon and JPMorgan executive Jes Staley.
JPMorgan spokesperson Patricia Wexler told Forbes that Dimon did not attend the 2010 meeting and that the bank “found no evidence that he was even invited.” She added that Dimon acts independently on policy matters and was not counseled by Epstein.
What to Watch for
Warren’s letter requests a response by July 24—a deadline that is not legally enforceable. Additional information may emerge on July 23 when the House Oversight Committee interviews Jes Staley as part of its ongoing Epstein investigation.
Forbes Valuation
Forbes estimates Dimon’s net worth at $3 billion as of Monday.
What Has JPMorgan Chase Said About Epstein?
In a statement to Forbes, Dimon’s team said he “never met with Epstein, never emailed him, and was not involved in any decisions about his account. Over a million pages of documents produced in related litigation contain no evidence to the contrary.” Wexler added that any association with Epstein was a “mistake” and that the bank ended its relationship with him in 2013, years before his sex‑trafficking arrest.
Read Elizabeth Warren’s Letter To Jamie Dimon
Dear Mr. Dimon: I am writing to request information regarding JPMorgan Chase & Co.’s (“JPMorgan”) extended business relationship with Jeffrey Epstein and your knowledge of the bank’s activities. You have maintained that you do not recall any knowledge of Epstein and were unaware he was a JPMorgan client before his 2019 arrest. However, newly released Department of Justice materials under the Epstein Files Transparency Act show that Epstein was in contact with former UK Business Secretary Peter Mandelson about arranging a call from you to then‑Chancellor Alistair Darling concerning a bankers’ bonus tax—an exchange that reportedly took place.
Epstein’s relationship with JPMorgan spanned 1998‑2013, overlapping with your tenure as CEO (which began in 2006). During this period he became one of the bank’s most profitable clients, generating $8 million in fees in 2003, opening at least 134 accounts, processing over $1 billion in transactions and recruiting additional high‑net‑worth clients. Epstein also developed close ties with senior JPMorgan executives, including Jes Staley, then head of private banking and described as one of your “lieutenants.”
The bank has faced legal consequences tied to Epstein: a $290 million settlement with abuse victims and a $75 million agreement with the U.S. Virgin Islands. Neither settlement admitted liability. Litigation uncovered emails between Staley and Epstein discussing a planned meeting at Epstein’s Manhattan residence in June 2009 and a 2010 email from Epstein’s assistant referencing an evening appointment with “Jamie Dimon,” Jes Staley and Peter Mandelson.
Additional emails reveal Epstein and Mandelson strategizing on how Dimon could influence UK tax policy. In December 2009 they exchanged messages about a proposed 50 % one‑time tax on bankers’ bonuses above £25,000. Epstein asked Mandelson to limit the tax to cash bonuses, while Mandelson said he was “trying hard to amend.” The correspondence also includes instructions for Dimon to “mildly threaten” Chancellor Darling, and records indicate Dimon made a call to Darling on December 29, prompting the Chancellor to note Dimon’s anger about the UK debt exposure and potential office plans.
Warren’s six specific inquiries focus on lobbying activities, Dimon’s call to Darling, any instruction to threaten the Chancellor, JPMorgan’s lobbying policies, communications with Mandelson, Staley and Darling, and the plausibility of a CEO being unaware of a top client. She asks for responses by July 24, 2026.
Sincerely,
Elizabeth Warren
Ranking Member
Committee on Banking, Housing, and Urban Affairs