Mr. Epstein was arrested on July 6 and died in federal custody in August; his death was ruled a suicide. Ultimately, senior bank executives opted to maintain the relationship with Mr. Epstein because it was so lucrative. In addition to setting up dozens of accounts for Mr. Epstein, Deutsche Bank served as his lender from 2013 until last year, even as other banks considered him off-limits. Deutsche Bank began extricating itself from its relationship with Mr. Epstein in late 2018, after a series of articles in The Miami Herald examined the secret nonprosecution agreement federal prosecutors reached with him in 2007. Deutsche Bank told Mr. Epstein he had six months to move his money out of the bank.

Source: New York Times June 02, 2020 20:48 UTC