Dimon Testified JPMorgan Epstein Ties Decided by Erdoes, Cutler

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon testified that then-private banking head Mary Erdoes and then-general counsel Stephen Cutlercould have decided to drop Jeffrey Epstein as a bank client after accounts of his sex-trafficking emerged.

Dimon described the decision-making process in his May 26 deposition in two lawsuits that accuse the bank of knowingly benefiting from Epstein’s crimes. The CEO said Cutler, as JPMorgan’s top in-house lawyer, would have been the “ultimate decider” in retaining Epstein as a client.

Jamie Dimon

Photographer: Marco Bello/Bloomberg

A transcript of Dimon’s deposition was released Wednesday with agreement of JPMorgan and the plaintiffs.

A spokeswoman ...