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Deutsche Bank hit with $150 million penalty over Jeffrey Epstein ties
New York regulators slapped Deutsche Bank with $150 million in penalties over its relationship with pedophile financier Jeffrey Epstein, officials said Tuesday. The bank agreed to pay in a settlement with the state’s Department of Financial Services, which found it failed to probe transactions that should have raised red flags about Epstein’s sex-trafficking activity — including payments to his alleged accomplices, officials said. “Despite knowing Mr. Epstein’s terrible criminal history, the bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions,” DFS Superintendent ... (full story)