A cache of documents provided by JPMorgan Chase & Co. was what led British regulators to begin an investigation into the links between Jeffrey Epstein and former Barclays Plc Chief Executive Officer Jes Staley, a court was told. JPMorgan informed the Financial Conduct Authority in November 2019 that it had identified “various documents” that showed the relationship between Staley, a former senior JPMorgan executive, and the late pedophile financier, according to a London court filing.
After being informed of the existence of the cache, the British regulator compelled JPMorgan to hand over the documents and opened a formal probe into Staley. That investigation ultimately led to his firing and resulted in him being permanently banned from the U.K.
financial services industry. “This is what kicked everything off,” Judge Timothy Herrington said of the JPMorgan documents at a Monday court hearing in London to discuss Staley’s appeal of the FCA’s decision last year permanently banning him from the U.K.
financial services industry. A spokesman for JPMorgan and a representative for Staley declined to comment. JPMorgan ended a legal claim against Staley last year as part of a wider settlement which saw the bank agree to pay out $290 million to a group of almost 200 victims of Epstein’s abuse and a further $75 million to the U.
S. Virgin Islands. The bank did not admit liability in either case.
The FCA case is likely to re-air much of the same evidence about Staley’s tie.
