Jamie Dimon Faces Senate Scrutiny Over 50% UK Bonus Tax Emails

3 articles · Updated · bankingnews.gr · Jul 13

Elizabeth Warren pressed JPMorgan CEO Jamie Dimon to explain whether he leaned on Britain over a proposed 50% tax on banker bonuses after leaked Justice Department emails tied Jeffrey Epstein to the effort.
The 2009 messages showed Epstein suggesting ways to soften the levy and asking whether Dimon should call then-Chancellor Alistair Darling again; Lord Peter Mandelson replied, “Yes, and gently threaten.”
Darling later wrote that Dimon called him “very angry,” warning JPMorgan could curb investment in a new London headquarters and citing the bank’s role as a major employer and gilt buyer.
JPMorgan said Dimon never met Epstein, did not help manage his account, and did not take advice from him; the bank ended the relationship in 2013 and paid $290 million in 2023 to settle victims’ claims without admitting liability.
The disclosures widen fallout from Epstein’s ties to major financiers, adding pressure on Mandelson and reviving questions about how deeply JPMorgan’s leadership was entangled with him.