JPMorgan CEO Jamie Dimon has received a letter from Democratic Senator Elizabeth Warren asking whether he lobbied the UK government against a tax on bankers' bonuses on the advice of Jeffrey Epstein, the Financial Times reported. The letter, sent last week, requests documents detailing communications with Epstein and UK officials, citing emails released by the U.S. Department of Justice that show Lord Peter Mandelson told Epstein in 2009 that Dimon should 'mildly threaten' then-chancellor Alistair Darling over the proposed tax. JPMorgan stated that Dimon never met or emailed Epstein, was not involved in decisions about his account, and did not take counsel from him, adding that any association with Epstein was a mistake. Epstein was a JPMorgan client from 1998 until 2013, and the bank paid about $290 million in 2023 to settle a class action lawsuit by his victims.
JPMorgan Chase & CoSenator Warren's letter and Epstein-linked lobbying allegations raise regulatory and reputational risks for JPMorgan.