From 2013 to 2018, Deutsche Bank opened more than 40 accounts for the financier—after JPMorgan Chase had severed its ties with Epstein, New York Department of Financial Services investigators found and the two civil complaints claim. For the next five years, the bank processed millions in allegedly suspicious transactions tied to Epstein’s web of trusts, including payments to women described as “tuition fees” and large cash withdrawals structured to avoid reporting requirements. When New York regulators finally investigated, they called the bank’s conduct “inexcusably” deficient. In 2023, Deutsche Bank agreed to pay $75 million to Epstein’s victims in a class action settlement. The bank was also fined $150 million by the New York Department of Financial Services for its involvement with Epstein.
CEO Christian Sewing later admitted to CNBC that bringing on Epstein as a client was “a critical mistake and should never have happened,” but the full extent of the bank’s entanglement with the notorious sexual predator remains unknown and will likely never be known owing to the conditions of the victim settlement agreement.
Deutsche Bank CEO Christian SewingANDREAS ARNOLD—Picture Alliance/Getty Images
