London Daily

Focus on the big picture.
Friday, May 09, 2025

Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement

PMorgan Chase & Co. in a Legal Tango with Former Executive Jes Staley Over their Ties to the Infamous Jeffrey Epstein
JPMorgan and Jeffrey Epstein saga is taking a new twist, as the bank locks horns with its former executive, Jes Staley, over their connection to the infamous Jeffrey Epstein. The gavel-wielding U.S. District Judge Jed Rakoff, after an hour-long debate, promises us a decision by the month's end on whether the banking titan can sue Staley.

Here's the nitty-gritty: JPMorgan is eyeing Staley to shoulder damages from lawsuits linked to Epstein, claims brought on by his accusers and the U.S. Virgin Islands. The bank's association with Epstein, a client from '98 to '13, has raised eyebrows given Epstein's unpalatable criminal record. Leonard Gail, JPMorgan's legal eagle, posits that if Staley had upheld his duties, Epstein's name wouldn't have tainted their client list.

Staley, who's had a stint at the helm of Barclays, has publicly regretted his connection to Epstein but refutes any knowledge of his abominable deeds. Pointing the finger back at JPMorgan, Staley alleges the bank used him as a PR shield to cover their own failures in oversight. Staley's lawyer, Stephen Wohlgemuth, emphasized, "They're not simply bystanders here."

The legal showdown is set for an October 23rd courtroom clash. The crux of the matter? Judge Rakoff suggests JPMorgan might be held accountable if it's proven Staley knew Epstein was running a sex-trafficking enterprise, a fact that is still shrouded in uncertainty.

On a grim note, Epstein's life met a tragic end in a Manhattan jail cell in August 2019, while he was awaiting trial for sex trafficking. The official story from New York City's medical examiner is suicide, but whispers of a cover-up echo through the city's corridors. Remember, JPMorgan, though entwined in this scandal, is not on the suspect list for facilitating Epstein's death. So, stay tuned as we navigate this high-stakes legal rollercoaster.
Newsletter

Related Articles

0:00
0:00
Close
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
180-Year-Old Christian University in South Carolina Announces Closure Due to Unmet $6 Million Fundraising Goal
Brazilian Woman Jailed for Fourteen Years for Writing “You Lost, Idiot” on Statue During Protest
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Dutch Politician Eva Vlaardingerbroek Receives Spyware Threat Alert from Apple
Paramount Board Considers Settlement in Trump’s $20 Billion Lawsuit Over "60 Minutes" Interview
U.S. Economy Shrink in Trump’s First Quarter as Tariff Policy Raises Questions
Deadline Looms for RTS Meter Replacement: Hundreds of Thousands at Risk of Heating Disruption
Sweden Grapples with Deadly Gun Violence: Suspect Arrested After Three Young Men Killed in Uppsala Hair Salon
Walz Reveals Why Harris Chose Him as Her Running Mate and Reflects on Democratic Losses
Spain Restores Power After Unprecedented Nationwide Blackout
Carney Secures Liberal Mandate in Canada’s Federal Election
Death Penalty Sought as Luigi Manion Pleads Not Guilty in CEO Murder Case
President Trump contacts Jeff Bezos after reports of Amazon considering listing tariff surcharges; company clarifies no such plan for main platform
Spain and Portugal Recover from Massive Blackout
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Singapore Politicians Warn Against Foreign Interference in Election
Driver Ploughs into Vancouver Festival Crowd, Killing Nine
Depression, Fear of Defamation, and a Tragic End: New Details on Virginia Giuffre’s Suicide
“Sharia for UK, Allah Akbar!”
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Incident Reflection: A Harsh Reality Check
Pakistani migrants to Danish man: “ “We have 5 children while you have 1 or 2. In 10 years, there will be more Pakistanis than Danes here.“
Clashes Erupt in London as Tensions Rise Between Indian and Pakistani Communities
Specialized anti-drone weapons deployed among security personnel Ahead of Papal Funeral
How do you fix this culture?
×