Branch² Intelligence
JP Morgan’s Jamie Dimon under fire over whether he lobbied Treasury on Epstein advice
Key takeaway
Jamie Dimon faces US Senate scrutiny over alleged lobbying of UK Treasury on Epstein-related tax affairs.
- Step 1US Senate Banking Committee investigates Dimon's alleged lobbying of UK Treasury on Epstein tax advice.
- Step 2Reputational damage to JPMorgan prompts UK regulators (FCA/PRA) to review the bank's governance and UK operations.
- Step 3JPMorgan tightens lending criteria for UK SMEs to de-risk its balance sheet amid regulatory scrutiny.
- Step 4SMEs face higher borrowing costs and reduced access to credit, impacting working capital and investment.
Source: City A.M.
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