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Banks face Epstein probe
Democrats in the U.S. Congress plan to launch investigations into JPMorgan Chase, Deutsche Bank and Bank of America after taking the new majority in January, to determine the banks’ responsibility for continuing their financial dealings with Jeffrey Epstein. A report by Senator Ron Wyden accused the three institutions of possible failures to monitor and report suspicious transactions, while a House report said JPMorgan did not flag most of them until after Epstein’s arrest in 2019. In recent years, the three banks agreed to pay a total of $437.5 million to Epstein’s victims under legal settlements. Lawmakers are also seeking to make regulatory records public and subpoena banking officials for questioning.
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