# IRS Chief Denies JPMorgan Spying Allegations Frank Bisignano dismissed surveillance claims from his time at the banking giant. - **Source:** [US Top News and Analysis](https://brifing.si/source/635540e9-943e-450d-ae52-ae0bfe3b67eb) - **Published:** 2026-07-21 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/c7a802aa-b00d-4680-a442-3763fdb5be02 ## Origin of Allegations IRS CEO Frank Bisignano firmly denied allegations that he secretly monitored senior executives during his tenure at JPMorgan. According to The Wall Street Journal, Bisignano allegedly used these methods to undermine rivals and maintain tight control over employees. ## Dialogue with Current CEO It was revealed that Bisignano had a phone conversation with Charlie Scharf, now CEO of Wells Fargo and one of the alleged targets of the surveillance. Bisignano stated they laughed about the claims, emphasizing their baselessness. ## Institutional Support Treasury Secretary Scott Bessent praised Bisignano's performance at the IRS, commending his efforts to improve taxpayer services, modernize operations, and reduce waste. ## JPMorgan's Stance A JPMorgan spokesperson acknowledged Bisignano's service to the country at both the Social Security Administration and the IRS but avoided commenting directly on the spying allegations. ## Fiserv Era and Stocks Bisignano declined to answer questions about Fiserv's stock decline after his departure in 2025. Fiserv shares have lost 78% of their value since then, with management calling it a 'necessary reset.' ## Legal Proceedings Bisignano is named in a lawsuit accusing Fiserv of misleading investors and artificially inflating stock prices during his leadership. Allegations include $77 million in stock sales. His attorney declined to comment on ongoing litigation. ## Sources covering this story - https://www.cnbc.com/2026/07/21/irs-chief-frank-bisignano-laughs-off-jpmorgan-spying-allegations.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._