Which bank settled a lawsuit brought by Epstein victims?

• A. Citigroup
• B. Wells Fargo
• C. Bank of America
• D. JPMorgan Chase

Answer: (C)

When a bank is accused of enabling illegal activity by a client, civil settlements are a common way to resolve the claims without a prolonged trial. A well-known example in this area shows how substantial the stakes can be: JPMorgan Chase agreed to pay about $290 million in 2019 to settle lawsuits brought by Epstein victims, who argued the bank’s relationship with Epstein helped his trafficking by maintaining accounts and processing transactions. This case illustrates why banks take these matters seriously: failing to enforce strong due diligence and monitoring can lead to big financial exposure and the cost of settlements. While other banks have faced scrutiny in related Epstein-related matters, the most widely cited settlement in this context is with JPMorgan Chase, reflecting how accountability and risk-management failures can lead to significant settlements.