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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Deutsche Bank agrees to pay $75m to settle Jeffrey Epstein lawsuit

Jeffrey Epstein Deutsche Bank Lawsuit JP Morgan Jes Staley Trafficking
Deutsche Bank logo at the company's headquarters in Frankfurt, Germany
Deutsche Bank was fined $150m in 2020 by New York state’s financial regulator over its relationship with Jeffrey Epstein. Photograph: Ralph Orlowski/Reuters

Deutsche Bank has agreed to pay $75m (£60m) to settle a lawsuit brought by a group of women who accused the German lender of helping facilitate Jeffrey Epstein’s sex trafficking operations.

The settlement is expected to draw a line under legal claims related to Deutsche Bank’s relationship with Epstein, who became a client in 2013 after he was dropped by JP Morgan.

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