Jes Staley Says He Told Jamie Dimon Twice About Epstein Charges

Q: With new testimony against its CEO, what is the final cost of JPMorgan's history with Jeffrey Epstein?

JPMorgan’s known direct cost from its Jeffrey Epstein history is **$365 million**, with any final total potentially higher because one related settlement remains confidential. That $365 million comes from two 2023 settlements: **$290 million** to resolve a lawsuit brought by Epstein survivors and **$75 million** to settle claims by the U.S. Virgin Islands, which alleged the bank failed to act despite warning signs around Epstein’s trafficking operation. Those are the only publicly quantified payments tied directly to the matter in the material provided. The new testimony from former JPMorgan executive Jes Staley does not, at least yet, add a new dollar figure. Staley told the House Oversight Committee he had at least two conversations with CEO Jamie Dimon in 2006 and 2008 about Epstein’s criminal exposure, an account that appears to conflict with Dimon’s earlier sworn testimony. That has intensified scrutiny of the bank and its leadership, but no new financial penalty has been reported as a result of that testimony. There is also a **confidential settlement** between JPMorgan and Staley after the bank sued him over his handling of the Epstein relationship. Because the terms were not disclosed, the bank’s true net cost cannot be fully calculated from public information. So the best documented answer is that JPMorgan has paid **at least $365 million**, and the ultimate total could be higher once the undisclosed Staley settlement is taken into account.

3 articles · Updated · POLITICO · Jul 23

Staley told the House Oversight Committee he discussed Jeffrey Epstein’s criminal exposure with JPMorgan CEO Jamie Dimon on two occasions — in 2006 after Epstein’s indictment and in 2008 while he was jailed.
That account conflicts with Dimon’s prior sworn testimony that he and Staley never discussed whether JPMorgan should keep Epstein as a client, raising the prospect that lawmakers could seek Dimon’s own testimony.
JPMorgan rejected Staley’s version, saying no such conversation occurred and citing a U.K. tribunal that found the former Barclays chief evasive and unreliable over his relationship with Epstein.
Committee leaders from both parties said Staley defended Epstein inside JPMorgan and was evasive in the closed-door interview, with Democrats threatening to recall him under oath if they regain the House majority.
The clash adds momentum to the yearlong congressional probe into whether JPMorgan enabled Epstein’s trafficking by continuing to serve him despite repeated red flags before his 2019 jailhouse death.

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With new testimony against its CEO, what is the final cost of JPMorgan's history with Jeffrey Epstein?

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JPMorgan and Jeffrey Epstein: $365 Million in Settlements, Congressional Hearings, and the Crisis of Bank Governance

Overview

On July 23, 2026, former JPMorgan executive Jes Staley testified before Congress about his ties to Jeffrey Epstein, claiming he had informed CEO Jamie Dimon about Epstein years before Epstein’s 2019 arrest. This directly challenges Dimon’s repeated sworn statements that he knew nothing of Epstein until 2019. JPMorgan quickly denied Staley’s allegations and highlighted a UK tribunal’s past doubts about Staley’s reliability. As a result, Staley’s credibility has become central to the ongoing scrutiny of JPMorgan’s relationship with Epstein, raising serious questions about the bank’s leadership and oversight.

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