Sen. Warren Asks Jamie Dimon About JPMorgan's ‘Extended' Relationship With Epstein

Breaking Business Sen. Warren Asks Jamie Dimon About JPMorgan’s ‘Extended’ Relationship With Epstein By Alison Durkee , Forbes Staff. Alison is a senior news reporter covering US politics and legal news. Follow Author Jul 13, 2026, 11:17am EDT Jul 13, 2026, 11:55am EDT Topline Sen. Elizabeth Warren, D-Mass., sent a letter last week to JPMorgan Chase & Co. CEO Jamie Dimon inquiring about his ties to Jeffrey Epstein, the Senate Banking Committee confirmed Monday, as the Epstein files have raised new questions about Epstein’s business dealings with the bank and what Dimon knew about it. 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 published Warren’s letter Monday, after the Financial Times first reported late Sunday she had reached out to the billionaire. Warren questioned JPMorgan Chase’s “extended business relationship” with Epstein, who was known to have banked with the institution between 1998 and 2013, paying some $8 billion in fees to the bank and opening at least 134 accounts. Dimon testified in 2023 he never met or knew Epstein, but emails in the Epstein files show Epstein and then-UK Business Secretary Peter Mandelson strategizing on having Dimon urge the UK government not to approve a new tax on bankers’ bonuses—which he ultimately did, though it’s unclear if he was at all influenced by Epstein and Mandelson to do so. Warren also cited a 2010 email in which Epstein’s assistant asked the financier about a meeting with Mandelson, Dimon and JPMorgan Chase executive Jes Staley. JPMorgan Chase & Co. spokesperson Patricia Wexler told Forbes that Dimon never attended the 2010 meeting and the bank "found no evidence that he was even invited to attend,” also saying about the UK policy, “Jamie regularly speaks his mind on bad, anti-growth policy and has his own views. At no point did he take counsel from [Epstein], directly or indirectly.” What to Watch for Warren’s letter asks Dimon for a response by July 24, though that is not legally binding. More information about Epstein’s relationship with JPMorgan Chase could also come out on July 23, when the House Oversight Committee will interview Staley as part of its ongoing probe into Epstein and his alleged crimes. Forbes Valuation Forbes values Dimon’s net worth at $3 billion as of Monday morning. What Has JPMorgan Chase Said About Epstein? Dimon “never met with [Epstein], never emailed him, and was not involved in any decisions about his account. There are over a million pages of emails and other documents that have been produced in this case and not one comes even close to suggesting otherwise,” Wexler told Forbes in an email Monday, referencing litigation that has been brought against JPMorgan Chase by the U.S. Virgin Islands and Epstein accusers . “Any association with the man was a mistake and we regret it, but we would not have continued doing business with him had we believed he was engaged in ongoing crimes,” Wexler added about the bank’s relationship with Epstein, noting it stopped doing business with him in 2013, which she said was “years before his federal sex trafficking arrest and years after the government had damning information they kept from us.” 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 don’t recall knowing anything about Jeffrey Epstein and did not know Epstein was a client of JPMorgan prior to his 2019 arrest. But according to new information released by the Department of Justice (DOJ) in response to the Epstein Files Transparency Act, Mr. Epstein was in touch with former U.K. Business Secretary Peter Mandelson to discuss the possibility of you calling then-Chancellor of the Exchequer Alistair Darling regarding a tax on bankers’ bonuses—a call you reportedly made. These resurfaced emails and related reporting raise serious questions regarding the extent of the bank’s relationship with Epstein, and your knowledge of these ties. It is critical that Congress and the American public fully understand the extent of any interactions the bank and you had with Epstein. Epstein’s client relationship with JPMorgan spanned from 1998 to 2013, overlapping with your tenure as CEO, which began in 2006. During this period, Epstein would become a highly profitable client for the bank. In 2003, JPMorgan is reported to have made $8 million in fees off Epstein, “the biggest revenue generator” among a certain class of investor clients. Epstein (and his companies and associates) opened at least 134 accounts, processed over $1 billion in transactions, and brought in several lucrative clients. Additionally, Epstein reportedly developed close relationships with several top JPMorgan executives, including Jes Stale