Democratic Party considers investigating JPMorgan's Epstein dealings and executive judgment

Democrats are preparing to investigate JPMorgan Chase's ($JPM) decision to maintain its relationship with Jeffrey Epstein and the judgment of senior executives, with CNBC reporting that committee staff aim to scrutinize leadership in the bank's asset and wealth management divisions. The probe would run through the Senate Finance Committee, whose gavel Democrats secured after winning a Senate majority in the Nov. 3 midterm elections. Ron Wyden, the panel's ranking Democrat and likely next chairman, has signaled he would bring the matter before the committee. JPMorgan did not immediately respond to CNBC's request for comment. The scrutiny matters because it puts the largest U.S. bank's reputational and compliance record back in the political spotlight, and what to watch next is whether a formal inquiry is launched once the new Congress convenes and Wyden takes the chair.