Deutsche Bank agreed to pay $75 million to victims of sex predator Jeffrey Epstein to settle a federal lawsuit accusing the bank of enabling and benefitting from its customer’s sex trafficking of young women, sources told CNBC on Wednesday night.
The bombshell deal still leaves JPMorgan Chase to defend its own would-be class action lawsuit by Epstein accusers in U.S. District Court in Manhattan, which involves similar allegations.
JPMorgan CEO Jamie Dimon, who has said the bank is not liable for sex trafficking by its former long-time customer Epstein, is due to be deposed in that suit, and a related one by the government of the U.S. Virgin Islands on May 26.