Tens of millions of dollars flowed among Mr. Epstein’s bank accounts and companies. The question of where that money came from is likely to be a key focus after his death. Source: NYT > Business – Emily Steel, Matthew Goldstein, Steve Eder and David Enrich
JPMorgan Kept Jeffrey Epstein as a Client Despite Internal Warnings
Mary Erdoes, one of the bank’s top executives, defended doing business with Mr. Epstein after an internal compliance review concluded he should be dumped. Source: NYT > Business – Emily Flitter and Jessica Silver-Greenberg
The Week in Business: Food Stamps Come Under Fire, and Facebook Gets Fined (Again)
Plus, the Epstein scandal takes another casualty — Deutsche Bank. Source: NYT > Business – Charlotte Cowles
DealBook Briefing: Deutsche Bank’s Latest Scandal Is Jeffrey Epstein
The troubled lender helped the disgraced financier move money outside the U.S. for years. Source: NYT > Business –
Deutsche Bank Reports Big Loss as Overhaul Costs Bite
Severance payments and other costs of a turnaround plan pushed the Frankfurt lender into the red during the second quarter. Source: NYT > Business – Jack Ewing
Jeffrey Epstein Moved Money Overseas in Transactions His Bank Flagged to U.S.
Employees at Deutsche Bank reported potentially illicit transactions to a federal regulator. Mr. Epstein, who is charged with sex trafficking, had dozens of accounts at the bank. Source: NYT > Business – David Enrich and Jo Becker