Deutsche Bank to pay $75 million to settle lawsuit by Jeffrey Epstein accusers

Deutsche Bank will pay $75 million to settle a lawsuit claiming that the German bank "knowingly benefited" from Jeffrey Epstein's sex trafficking, profiting from doing business with him. 

The settlement, announced by lawyers for women who say they were abused by the late financier, is believed to be the largest sex trafficking settlement with a bank in U.S. history, according to law firm Edwards Pottinger. 

In 2020, Deutsche Bank agreed to a $150 million settlement with the New York Department of Financial Services, which claimed the bank had for years allowed Epstein's questionable account activity to largely go unchecked because of the potential revenue that the financier could generate. Meanwhile, JPMorgan Chase is facing allegations that it also "turned a blind eye" to Epstein's sex crimes to pursue business deals.