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Deutsche Bank Settles Jeffrey Epstein Vetting Lawsuit for $26 Million

Summary by Bloomberg
Deutsche Bank AG agreed to pay $26.25 million to settle a lawsuit that accused it of misleading investors about how thoroughly it vetted clients, among them convicted sex offender Jeffrey Epstein and Russian oligarchs.

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HandelsblattHandelsblatt
Lean Right

Banks: Deutsche Bank agrees on 26-million settlement in US lawsuit

According to the plaintiffs, Deutsche Bank did not supervise ultra-rich customers well enough. The bank must now pay a large sum of money.

·Düsseldorf, Germany
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BloombergBloomberg
Lean Left

Deutsche Bank Settles Jeffrey Epstein Vetting Lawsuit for $26 Million

Deutsche Bank AG agreed to pay $26.25 million to settle a lawsuit that accused it of misleading investors about how thoroughly it vetted clients, among them convicted sex offender Jeffrey Epstein and Russian oligarchs.

·United States
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Bloomberg broke the news in United States on Saturday, September 24, 2022.
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