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

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.

Deutsche Bank accepted Epstein as a client even after 40 underage girls made sexual assault claims against him, and maintained that banking relationship until 2018.

The lender was fined $150m by New York state’s financial regulator over its relationship with Epstein in 2020, a year after Epstein died in prison while awaiting trial on sex trafficking charges in August 2019.