Dimon won’t pull the trigger now and possibly ever because he knows being president requires running for president.
Mike Bloomberg’s brief and unsuccessful experience in the 2020 race while getting dragged through the mud looms large in Dimon’s thinking, these people say.
That’s right, Epstein wanted me to know he wasn’t a monster but also that scrounging for clients; charging “2-and-20” — the standard percentage-fee structure on hedge fund assets — was beneath him. He served the rich and the powerful as an adviser, buying their yachts and artwork, etc., and he made lots of money doing it.Jeffrey’s justification
The bank denies wrongdoing but, according to my sources, it expects to settle at least with the accuser because the details of its involvement with Epstein are so messy. For years, the firm investigated money transfers made by Epstein and filed Suspicious Activity Reports with bank regulators when they saw money bouncing from his JPM accounts to places overseas. Epstein was said to have various excuses for the money moves, like fueling his private jet.
Staley has said he’s done nothing wrong , and in recent testimony, he has said he wasn’t the only JPM honcho aware of Epstein’s lurid presence. Epstein’s business deals inside JPM were well known to the firm’s legal department, as well as top wealth management official, according to depositions taken in the JPM lawsuits. But Staley in one court document says he specifically discussed matters relating to Epstein with Dimon himself, according to a person with direct knowledge of the matter.
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