Goldman Sachs' Top Lawyer to Testify on Epstein Interactions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 hours ago
0mins
Source: CNBC
- Testimony Request: The House Oversight Committee has requested Goldman Sachs' top lawyer, Kathryn Ruemmler, to voluntarily testify about her interactions with sex offender Jeffrey Epstein, indicating increased scrutiny on Goldman Sachs and its executives.
- Ruemmler's Response: Ruemmler's spokeswoman stated that she welcomes the opportunity to appear before the Committee, emphasizing that at the time of her interactions with Epstein, she was a criminal defense attorney sharing a client with him, asserting that she did nothing wrong.
- Media Attention: The request for Ruemmler's testimony comes shortly after her announcement to leave Goldman Sachs at the end of June, following extensive media coverage of her friendly email exchanges with Epstein, which could potentially impact Goldman Sachs' reputation.
- Other Witnesses: Concurrently, Commerce Secretary Howard Lutnick has also agreed to testify, admitting to visiting Epstein's private island in 2012 with his family, further deepening the investigation into connections with Epstein.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 300.260
Low
260.00
Averages
341.38
High
400.00
Current: 300.260
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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