Banks β JPMorgan and Deutsche Bank
Source: Epstein World Pulse β Master Index. All claims are from internet research as of February 2026. DOJ file evidence cross-referenced 2026-02-26.
Overview
Two major financial institutions β JPMorgan Chase and Deutsche Bank β maintained banking relationships with Jeffrey Epstein despite accumulating red flags about his criminal conduct. Both banks have paid large settlements to regulators and victims. Senate and congressional investigations found that senior bank executives, including JPMorgan's CEO Jamie Dimon, were directly aware of and closely supervised the Epstein relationship. The two banks' combined settlements total approximately $365 million; Rep. Raskin identified $1.5 billion in suspicious transactions across four major banks.
JPMorgan Chase
Relationship Timeline
- Managed Epstein's accounts from 1998 to 2013 β a 15-year relationship that continued even as red flags accumulated following Epstein's 2008 sex crimes conviction and registration as a sex offender.
- Dropped Epstein as a client in 2013.
Congressional and Regulatory Findings
- Senate Finance Committee (November 2025): Sen. Ron Wyden's investigation found that top JPMorgan executives reporting directly to CEO Jamie Dimon closely supervised the Epstein client relationship.
- This finding places direct knowledge of the Epstein relationship at the highest levels of the bank.
- JPMorgan filed suspicious activity reports (SARs) for transactions connected to Leon Black, Alan Dershowitz, Les Wexner, and Glenn Dubin totaling approximately $1 billion β these reports were filed following Epstein's 2019 death, suggesting the bank recognized the transactions as suspicious at the time or in retrospect.
Settlement
- 2023: JPMorgan paid $290 million to settle with Epstein victims; no admission of wrongdoing.
Deutsche Bank
Relationship Timeline
- Deutsche Bank took Epstein as a client after JPMorgan dropped him in 2013 and maintained the relationship through 2018.
- This means Deutsche Bank knowingly took on a client who had been dropped by JPMorgan, was a convicted sex offender, and was registered on the sex offender registry.
Internal Red Flags Ignored
- Deutsche Bank's Anti-Money Laundering (AML) monitoring system flagged suspicious wire transfers in 2015.
- Internal concerns were dismissed rather than escalated or acted upon.
Regulatory Action and Settlement
- 2020: Deutsche Bank paid $150 million to New York state regulators over its Epstein relationship and compliance failures.
- 2023: Deutsche Bank paid $75 million to victims in a separate settlement.
Combined Financial Accountability
| Institution | Settlement Amount | Recipient | Year | Admission? |
|---|---|---|---|---|
| JPMorgan Chase | $290 million | Victims | 2023 | No |
| Deutsche Bank | $150 million | NY regulators | 2020 | No |
| Deutsche Bank | $75 million | Victims | 2023 | No |
| Total | ~$515 million | β | β | β |
Note: The source document states "approximately $365 million from JPMorgan and Deutsche Bank combined" β this appears to reference the JPMorgan ($290M) and Deutsche Bank victim ($75M) settlements specifically.
Suspicious Transaction Scale
- Rep. Jamie Raskin identified $1.5 billion in suspicious transactions linked to Epstein across four major financial institutions.
Context and Analysis
The banking relationships are significant for several reasons. First, they show that major financial institutions continued to service Epstein even after his 2008 conviction β with the most senior executives at JPMorgan apparently aware. Second, Deutsche Bank's decision to take Epstein on as a client after JPMorgan dropped him demonstrates the absence of any industry-wide refusal to bank a known sex offender. Third, the SARs filed by JPMorgan after Epstein's death β for transactions involving Leon Black, Dershowitz, Wexner, and Dubin β suggest the bank's compliance function recognized suspicious activity patterns that were not acted upon in real time.
The $1.5 billion in suspicious transactions identified by Rep. Raskin suggests the financial dimension of the case extends well beyond the two banks and the individuals named in JPMorgan's SARs.
Key Claims for DOJ Evidence Cross-Reference
- Claim A: JPMorgan managed Epstein's accounts from 1998 to 2013, continuing through his 2008 conviction and registration as a sex offender.
- Claim B: The Senate Finance Committee (November 2025) found top JPMorgan executives reporting to CEO Jamie Dimon closely supervised the Epstein relationship.
- Claim C: JPMorgan filed SARs for transactions connected to Leon Black, Alan Dershowitz, Les Wexner, and Glenn Dubin, totaling approximately $1 billion.
- Claim D: Deutsche Bank took Epstein as a client after JPMorgan dropped him in 2013, maintained the relationship through 2018, and its AML system flagged suspicious wire transfers in 2015 β which were dismissed.
- Claim E: JPMorgan paid $290 million (2023) and Deutsche Bank paid $150 million (2020) + $75 million (2023) in settlements.
- Claim F: Rep. Raskin identified $1.5 billion in suspicious transactions linked to Epstein across four major banks.
DOJ File Evidence
Claim A β JPMorgan managed Epstein's accounts from 1998 to 2013 through his 2008 conviction β SUPPORTS
EFTA00145666 β Document (JPMorgan civil case materials): "[Epstein] was an extremely high-risk client. Between 2005 and 2013, there were myriad reports that [Epstein was engaged in criminal activity]" β confirms JPMorgan recognized Epstein's risk profile but continued the relationship.
EFTA02823201 β JPMorgan civil case complaint: Alleges JPMorgan maintained Epstein "as a client of the bank long after defendants knew β or should have known β that Epstein was using [the bank for criminal purposes]."
EFTA02806178 β Document: "In 2006, JPMorgan's Global Corporate Security Division reported that Epstein was indicted [on charges of sexual abuse]" β confirming JPMorgan's internal knowledge of the 2006β2008 criminal case while maintaining the account.
Assessment: β DIRECTLY SUPPORTS. Multiple documents in the JPMorgan litigation corpus confirm the bank maintained Epstein as a client through 2013 with documented internal awareness of his criminal conduct.
Claim B β Senate Finance Committee found JPMorgan executives reporting to Dimon supervised Epstein account β SUPPORTS (partial)
EFTA02807184 β JPMorgan civil case: References "CEO Jamie Dimon" and "the CEO of private banking, Mary Erdoes, who nevertheless admitted to [knowing about the Epstein relationship]."
EFTA02822733 β Document: "Mary Erdoes (who has served as CEO of JP Asset & Wealth Management division)" β confirms C-suite officers were named in the Epstein banking context.
Assessment: β PARTIAL SUPPORT. The corpus confirms senior executive involvement (Dimon, Erdoes) in the Epstein relationship through civil case documents. The specific "Senate Finance Committee November 2025" attribution is congressional reporting; the underlying facts (executive oversight) are corroborated.
Claim C β JPMorgan filed SARs for transactions connected to Black, Dershowitz, Wexner, Dubin (~$1 billion) β SUPPORTS (partial)
EFTA02815349 β JPMorgan civil case: "From September 2006 through December 2006, JPMorgan handled $883,750.00 in payments from [Epstein-connected sources]" β documents significant payment flows.
EFTA02814627 β USVI v. JPMorgan: Documents USVI's contention that JPMorgan "participated in Epstein's alleged sex-trafficking venture" through ongoing financial facilitation, providing the legal basis for investigating SAR filings.
EFTA01482503 β JPMorgan Epstein bank records: Documents wire transfers including to named individuals associated with Epstein's network.
Assessment: β PARTIAL SUPPORT. The corpus contains extensive JPMorgan civil litigation materials confirming significant financial flows and JPMorgan's knowledge of them. The specific SAR filing details naming Black, Dershowitz, Wexner, and Dubin for ~$1 billion are congressional reporting; the underlying financial records are in the corpus.
Claim D β Deutsche Bank took Epstein after 2013; AML flagged suspicious transfers in 2015 but dismissed β SUPPORTS
EFTA01299266 β Deutsche Bank internal document: "All negative media and alerts have been reviewed by AML Compliance and they do not see a reason to discontinue [the Epstein relationship]." This is the internal AML dismissal β the compliance team reviewed the red flags and chose to continue the relationship.
EFTA01374299 β Duplicate document with same AML dismissal language: "Media and alerts have been reviewed by AML Compliance and they do not see a reason to discontinue [the relationship]."
EFTA00161958 β Document referencing Deutsche Bank's AML failures: "Deutsche Bank was aware that the recipients of some of these wire transfers described in the preceding [were problematic]" and confirms suspicious transactions were reviewed but not escalated.
Assessment: β DIRECTLY SUPPORTS. The corpus contains Deutsche Bank's own internal AML compliance documents explicitly recording that alerts were reviewed and dismissed. This is highly significant primary source evidence.
Claim E β JPMorgan paid $290M (2023), Deutsche Bank paid $150M (2020) + $75M (2023) β SUPPORTS (partial)
EFTA02814627 / EFTA02823201 β JPMorgan civil case documents reference the USVI v. JPMorgan case that led to the 2023 settlement. Multiple documents in the corpus are from the civil litigation that resulted in the $290M settlement.
Assessment: β PARTIAL SUPPORT. The corpus contains the civil litigation that produced these settlements. The specific settlement dollar amounts are widely reported; the underlying litigation is extensively documented in the corpus.
Claim F β Rep. Raskin identified $1.5 billion in suspicious transactions across four banks β NOT FOUND
Assessment: NOT FOUND. This is a congressional statement made by Rep. Raskin, not a document in the DOJ/FBI corpus. The underlying financial scale is consistent with the corpus evidence, but the specific figure and attribution to Raskin are not in the corpus.