JPMorgan CEO to be deposed over bank’s relation with Jeffrey Epstein

A federal judge on Tuesday ordered the JPMorgan Chase & Co CEO, Jamie Dimon, to set aside two days for depositions for what he knew about the bank's relationship with the sex offender and former client Jeffrey Epstein.

The largest US bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the US Virgin Islands, where the late financier had a home.

JPMorgan is separately suing a former private banking chief, Jes Staley, claiming he concealed what he knew about Epstein and should cover losses it may incur in the two lawsuits.

US district judge Jed Rakoff in Manhattan said Dimon can be questioned by the plaintiffs' lawyers for five hours, and by Staley's lawyer for two hours.

Rakoff may allow more time if anyone requests it. JPMorgan had offered to make Dimon available for three hours. A trial is scheduled for 23 October.

"The plaintiffs' counsel know our CEO has no relevant knowledge, but persist with this media stunt," JPMorgan said in a statement. "A review of more than two decades of emails and other documents makes it clear that he had no involvement with Epstein or his accounts. He does not recall ever meeting, speaking or communicating with him."

Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.