IRS chief Frank Bisignano rejects JPMorgan spying claims

IRS chief Frank Bisignano denied a Wall Street Journal report that he spied on colleagues while he was a JPMorgan executive more than a decade ago. He told CNBC on Tuesday that the allegations were untrue and said he and Wells Fargo CEO Charlie Scharf laughed about the story after it published. The Journal reported that Bisignano used surveillance to monitor employees and undermine rivals while serving as JPMorgan’s cochief operating officer, including Scharf. JPMorgan did not directly address the claims, while a spokesperson said the bank supports Bisignano’s service in government. Bisignano now leads the IRS as chief executive and also serves as the head of the Social Security Administration. The report also comes as he faces separate scrutiny tied to a shareholder lawsuit over Fiserv’s stock performance after his departure from the company.