Senate Democrats plan to investigate JPMorgan Chase’s banking relationship with Jeffrey Epstein when they take control of Congress early next year, with particular attention to decisions by senior executives at the bank. The Jeffrey Epstein JPMorgan Chase inquiry is expected to be a priority.
The planned inquiry follows Democrats’ victories in Tuesday’s midterm elections and forms part of their preparations for sweeping congressional investigations. Democrats won control of both the House and Senate and have promised to make the Epstein case a major focus of inquiry.
Democratic staffers on the Senate Finance Committee intend to examine how the bank’s leadership handled Epstein, a person familiar with the committee’s thinking told CNBC on Thursday.
Jeffrey Epstein JPMorgan Chase handling faces executive-level scrutiny
Mary Erdoes, CEO of JPMorgan’s Asset & Wealth Management business, is a particular focus of the planned investigation. Staffers intend to examine her Epstein-related decisions as part of their scrutiny of senior executives’ handling of the relationship.
In the upcoming Congress, chairmanship of the committee is anticipated to go to Sen. Ron Wyden, the Oregon Democrat who presently holds the position of ranking member.
Wyden has made clear that he intends to make full use of the subpoena powers available to committee majorities.
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