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Sen. Elizabeth Warren called on federal banking regulators to investigate Jes Staley and other current and former banking executives who may have helped Jeffrey Epstein maintain access to the financial system despite mounting concerns about his conduct. In an October 2025 letter to the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation, Warren focused heavily on Staley’s years at JPMorgan, where he managed the private bank and developed a close relationship with Epstein. Warren cited reporting and court evidence indicating that Staley pushed back against internal concerns about Epstein, defended keeping him as a client and alerted Epstein when the bank was scrutinizing suspicious cash activity. She asked regulators to determine whether Staley’s conduct warranted civil penalties or a ban from working in the U.S. banking industry.
Warren argued that the scrutiny should extend beyond Staley to any banking executive who may have enabled Epstein’s financial activity, noting that Epstein maintained scores of accounts at JPMorgan and generated substantial business for the bank before it finally cut ties with him in 2013. She also pointed to Staley’s sworn testimony that he had discussed Epstein with JPMorgan CEO Jamie Dimon, a claim JPMorgan and Dimon have disputed. Warren’s pressure continued into 2026, when she and House lawmakers demanded answers from Barclays about what they described as the bank’s failure to meaningfully investigate Staley’s relationship with Epstein while he served as chief executive. The broader thrust of Warren’s effort has been to determine whether senior bankers who protected or facilitated Epstein’s access to major financial institutions escaped accountability even after the banks themselves paid hundreds of millions of dollars to settle Epstein-related litigation.
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