Senate Democrats are gearing up to investigate JPMorgan’s banking relationship with disgraced sex offender Jeffrey Epstein

Democratic staffers on the Senate Finance Committee plan to focus on Epstein-related decisions by Mary Erdoes, CEO of JPMorgan's Asset & Wealth Management business, according to a source familiar with the committee's thinking. The probe has not been announced. Sen. Ron Wyden, D-Ore., currently the committee's ranking member, is likely to chair it in the next Congress and has said he will use its subpoena powers. The planned investigation follows Democrats' midterm election victories on Tuesday. JPMorgan did not immediately respond to CNBC's request for comment.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Senate
• JPMorgan
• Banking