New York regulator fines Deutsche Bank over Jeffrey Epstein compliance failures

New York financial regulators imposed a $150 million penalty on Deutsche Bank for compliance failures tied partly to the bank relationship with Jeffrey Epstein. Regulators said the bank did not adequately monitor high-risk account activity after Epstein had already become a known legal and reputational risk. The action put Epstein banking relationships into the regulatory record and raised direct questions about private banking oversight.