Headline RoundupMay 18th, 2023

Deutsche Bank to Pay $75M in Jeffrey Epstein Lawsuit

Summary from the AllSides News Team

German lender Deutsche Bank agreed to pay $75 million this week to settle a lawsuit accusing it of enabling Jeffrey Epstein's sex crimes.

The Details: An anonymous woman alleged in the suit that Epstein abused her, and that Deutsche Bank knew Epstein was using his accounts to fund sex trafficking crimes, but continued to do business with him anyway. Epstein used Deutsche Bank from 2013 to 2018; before that, he'd pleaded guilty to soliciting sex from a minor in Florida in 2008.

Key Quotes: The settlement will encourage dozens of Epstein survivors "to restore their faith in our system knowing that all individuals and entities who facilitated Epstein's sex-trafficking operation will finally be held accountable," a law firm for the woman said. A Deutsche Bank spokesperson declined to comment on the settlement to BBC News (Center bias), but said the bank "made considerable progress in remedying a number of past issues." 

For Context: JP Morgan, which Epstein used from 1998 to 2013, is also facing lawsuits over its relationship with him. More details about Epstein's network of powerful people have emerged in recent reports.

How the Media Covered It: Internationally-focused news sources focused more on the story than U.S.-centric outlets. The Daily Mail (Right) cited an anonymous source who said Deutsche Bank "didn't admit wrongdoing" as part of the settlement. Sources on all sides reflected rumors about Epstein's death, saying he "died in prison" rather than by suicide, as the medical examiner determined at the time.

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