Bank of America has agreed to pay $72.5 million to resolve a class-action lawsuit filed on behalf of women who say they were victims of Jeffrey Epstein's sex trafficking network, according to filings in Manhattan federal court dated 27 March.
The bank denies wrongdoing. No further terms of the settlement have been disclosed in available reporting.
The agreement adds Bank of America to a list of financial institutions that have faced legal exposure over their banking relationships with Epstein. JPMorgan Chase reached a $290 million settlement with Epstein victims in 2023, and Deutsche Bank settled a related case for $75 million the same year. Bank of America's $72.5 million figure sits broadly in line with that Deutsche Bank precedent.
Bank of America, with a market capitalisation of roughly $330 billion, is the second-largest US bank by assets. The settlement amount is unlikely to be material to its financials but adds to the reputational and legal costs the broader banking industry has absorbed in connection with Epstein litigation.
