Bank of America settles Epstein case for $72.5 million

## Summary
https://p.dw.com/p/5BIMN Bank of America denied wrongdoing but said the settlement would bring closure for plaintiffs [FILE PHOTO: February 9, 2026] Image: Thomas Fuller/NurPhoto/picture alliance Advertisement Bank of America has agreed to pay $72.5 million (€62.8 million) to settle a class action lawsuit accusing it of facilitating Jeffrey Epstein's sex trafficking operations , according to court filings on Friday. The lawsuit, filed by an unidentified woman on behalf of herself and other alleged victims, accused the bank of ignoring "red flags" and suspicious transactions linked to Epstein in order to continue providing him financial services. While the bank denied the allegations and said that the "Bank of America did not facilitate sex trafficking crimes," it added that the ​resolution the settlement would bring closure for plaintiffs, ​a spokesperson for the bank said in a statement. Epstein started his career with a job at investment bank Bear Stearns where he was made a limited partner in 1980 [FILE PHOTO: January 2, 2026] Image: Jon Elswick/AP Photo/picture alliance Epstein, a New York financier, was accused of running a yearslong sex abuse ring involving underage girls.

## Article Content
https://p.dw.com/p/5BIMN
Bank of America denied wrongdoing but said the settlement would bring closure for plaintiffs [FILE PHOTO: February 9, 2026]
Image: Thomas Fuller/NurPhoto/picture alliance
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Bank of America has agreed to pay $72.5 million (€62.8 million) to settle a class action lawsuit accusing it of facilitating
Jeffrey Epstein's sex trafficking operations
, according to court filings on Friday.
The lawsuit, filed by an unidentified woman on behalf of herself and other alleged victims, accused the bank of ignoring "red flags" and suspicious transactions linked to Epstein in order to continue providing him financial services. The suit accused the bank of valuing profit over protecting victims.
While the bank denied the allegations and said that the "Bank of America did not facilitate sex trafficking crimes," it added that the ​resolution the settlement would bring closure for plaintiffs, ​a spokesperson for the bank said in a statement.
JPMorgan, Deutsche Bank settled earlier
The proposed settlement, which requires court approval, would avert a lengthy trial.
A hearing has been scheduled before a US district judge.
Friday's settlement follows similar precedents by other lenders,
including JPMorgan and Deutsche Bank
. In 2023, both of these banks agreed to pay $75 million separately to settle similar lawsuits.
Who was Jeffrey Epstein?
Epstein started his career with a job at investment bank Bear Stearns where he was made a limited partner in 1980 [FILE PHOTO: January 2, 2026]
Image: Jon Elswick/AP Photo/picture alliance
Epstein, a New York financier, was accused of running a yearslong sex abuse ring involving underage girls. He was convicted in 2008 of soliciting sex from minors.
He died by suicide in a New York jail in 2019 while awaiting trial on further sex trafficking charges.
In 2025, the release of a
vast archive of evidence
collected in connection with the convicted pedophile
triggered global fallout
, including the arrests in the UK of ex-Prince Andrew Mountbatten‑Windsor and
ex‑Ambassador Peter Mandelson
.
In the US, the files exposed Epstein's ties with
prominent figures
.
After Epstein: How to hold powerful abusers accountable
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Edited by: Wesley Dockery
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This article covers bank, epstein, sex topics. Readability: Flesch-Kincaid grade 0.0. Word count: 362.