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A report by US lawmaker Ron Wyden alleges JPMorgan Chase, Deutsche Bank, and Bank of America failed to report suspicious transactions tied to Jeffrey Epstein under the Bank Secrecy Act. Wyden cites over $1.4 billion in suspicious wire transfers and JPMorgan earnings of $8.1 million (2009-2014). The banks deny wrongdoing; settlements include JPMorgan $290m, BofA $72.5m, Deutsche $75m.

The Banker reports Citi CEO Jane Fraser said she is worried a UK bank tax would hurt London’s competitiveness, citing a risk of banks choosing not to book business in London. Other items include Deutsche Bank seeking millions in repaid settlements in a £700mn High Court dispute with former staff, Lloyds cutting £2bn via strategy changes, and JPMorgan expanding a $1.5tn fund for European defence.

A Senate Democrats Finance Committee report, cited by NPR, alleges that JPMorgan Chase, Bank of America, and Deutsche Bank knew of suspicious transactions linked to Jeffrey Epstein for years but delayed filing suspicious activity reports. The report cites Treasury documents and bank records, saying Epstein moved over $1 billion. Deutsche Bank and Bank of America deny wrongdoing; JPMorganChase did not comment.

Sen. Ron Wyden’s report says JPMorgan Chase, Bank of America, and Deutsche Bank allegedly filed suspicious activity reports on Jeffrey Epstein years late, despite Bank Secrecy Act timing rules of 30 to 60 days after detecting suspicious transactions. It cites Deutsche Bank’s 2008 high-risk designation and notes JPMorgan filed 469 SARs in Aug 2019 and 4,725 in Sep 2019. Banks dispute the findings.

Reuters reports Deutsche Bank hired Ed Liu, a former senior technology banker at Bank of America, as global head of Technology, Media & Telecommunications. Liu will join in November in New York and report to Alison Harding-Jones. Deutsche declined comment and Liu was not reached. The move follows multiple senior exits at Bank of America.

A report by Sen. Ron Wyden says Deutsche Bank and Bank of America delayed reporting suspicious transactions tied to Jeffrey Epstein totaling over $420 million. The senator alleges the banks took years to flag the activity, citing Senate Finance Committee findings. The matter may affect investor views on bank compliance and regulatory risk.

European banks are being re-rated as “higher for longer” rates support net interest margins, with UBS Group AG and Deutsche Bank Aktiengesellschaft highlighted. Deutsche Bank reported Q2 2026 post-tax profit of €1.9B and net revenues up 9% to €8.5B. UBS posted Q2 pre-tax profit of $3.6B and $36B net new wealth assets.

Sen. Ron Wyden said a taped “60 Minutes” interview with former correspondent Sharyn Alfonsi about Jeffrey Epstein’s banking practices was not aired, calling it “suppressed.” Wyden’s Aug. 4 Senate Finance report alleges Deutsche Bank delayed disclosing over $250 million in suspicious Epstein-related transactions and cites JPMorgan Chase and Bank of America for AML violations. CBS says the segment was not ready.

US Democratic Sen. Ron Wyden urged federal regulators to investigate Bank of America, Deutsche Bank, and JPMorgan regarding how they handled transactions tied to convicted sex offender Jeffrey Epstein. According to a report from Wyden’s four-year inquiry, the banks may have violated anti-money laundering rules by not reporting suspicious activity promptly.

IFC plans to invest up to €750mn in an unfunded risk participation portfolio of emerging-market trade finance assets originated by Deutsche Bank, via a €1bn pool of trade transactions with issuing banks, per an IFC disclosure. Board approval is set for Aug. 31. IFC says it will support Deutsche Bank’s trade finance capacity; Deutsche Bank and IFC declined comment.