"US regulators say they are taking allegations that top banks may have facilitated Jeffrey Epstein's criminal activity very seriously, as they faced calls to investigate executives including the former Barclays boss Jes Staley. In correspondence seen by the Guardian, bosses from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) said they had reviewed a letter from the Democratic senator Elizabeth Warren, which raised concerns over bankers' alleged support for the convicted child sex offender Epstein."
"That includes Staley, who Warren said had allegedly protected Epstein's access to the banking system while working at JP Morgan in the early 2000s. Staley has already been banned from the UK banking sector for playing down his relationship with Epstein. While the regulators would not publicly confirm whether they were opening formal inquiries, their directors assured Warren they would take action over any potential misconduct."
US banking regulators from the OCC and FDIC reviewed a letter from Senator Elizabeth Warren alleging that top banks and executives may have supported convicted child sex offender Jeffrey Epstein. The letter named Jes Staley and alleged he protected Epstein's access to the banking system while at JP Morgan in the early 2000s; Staley was later banned from the UK banking sector for downplaying that relationship. Regulators declined to confirm formal inquiries but pledged to act on potential misconduct and to continue examining banks, including JP Morgan Chase Bank, NA, for safety, soundness, and legal violations. Epstein had been one of the bank's most profitable clients before being dropped in 2013, five years after a jail term for soliciting prostitution from a minor. The financier died in July 2019 while awaiting trial over child sex trafficking.
Read at www.theguardian.com
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