Jes Staley told US House committee he also was at one point named a trustee of convicted sex offender’s estate

Former JPMorgan Chase executive Jes Staley told US lawmakers he repeatedly shared confidential and market-sensitive bank ⁠information with Jeffrey Epstein and ⁠was at one ​point named as a trustee of his estate, according to a transcript released by the House oversight committee on Wednesday.

These admissions come as lawmakers investigate the late convicted ⁠sex offender’s ties with political and business elites. Staley appeared before the committee in July as part of its investigation into Epstein and Ghislaine Maxwell, his associate. Transcripts ⁠from the meeting were released on Wednesday.

Paper products among hardest-hit sectors after trade negotiations broke down, with 25-50% tariffs estimated

• Are you a Canadian boycotting US products? We’d like to hear from you

Using the bathroom or having a cry is about to become more expensive for North Americans as the US and Canada enter a full-fledged trade war that threatens to flush away decades of peaceful trading between the two nations.

After trade negotiations broke down between the two countries last weekend, Mark Carney, the Canadian prime minister, vowed to match US tariffs “dollar for dollar” and unveiled a list of nearly 900 American goods that will face 25% to 50% tariffs starting on 8 September.

With the federal deficit near 6% of GDP and the national debt over $40tn, America’s fiscal position looks increasingly precarious

• Bessent ‘will lose’ battle with bond markets, ex-mentor warns

Are we seeing the first signs of panic in Donald Trump’s Treasury? The US is by far the world’s biggest debtor, and the steady rise in global long-term interest rates – which I have long argued was inevitable – is starting to cause real pain.

Until now, the Treasury secretary, Scott Bessent, has dismissed concerns about US debt, which recently surpassed $40tn, as a big nothingburger. Growth, in his telling, will be so spectacular the US will easily be able to meet its interest obligations without any significant tax rises or spending cuts, while the rest of the world will happily keep feeding it money. But if Bessent really believes that, why is he trying to strong-arm the bond market by fiddling with the maturity structure of government debt?