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Stock impact report

Bank of America agrees to settle Epstein case for $72.5 million [Business Insider]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Have an account? Log in Bank of America has agreed to pay $72.5M over its banking relationship with Jeffrey Epstein. The deal to settle claims brought by Epstein's victims must first be approved by a judge. Bank of America maintains that it "did not facilitate sex trafficking crimes." AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What led to the $72.5M settlement? How do banks handle high-risk clients? How are settlements approved by judges? Who are Epstein's known associates? What role do banks play in trafficking? Bank of America has agreed to pay $72.5 million to settle a proposed class action lawsuit alleging the bank facilitated financier Jeffrey Epstein' s sex trafficking operation, according to a Manhattan federal court filing released Friday evening. The deal, which requ Show less Read more
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