"Since the client intends to have the rest of their accounts closed this week or next, let's agree on what is still open,"
"I think some of the accounts are zero balance but still open."
"Five months earlier, in December 2018, Deutsche Bank had formally told Epstein it was ending the relationship. Senior wealth executives weighed the reputational damage of continuing to work with a convicted sex offender against the revenue he generated. Oldfield reportedly told the bank that Epstein brought in more than $1 million a year in fees and trading income, a figure consistent with earlier internal estimates that had pitched his potential value at $2 million to $4 million annually."
"The bank claimed in a consent order with the New York Department of Financial Services to have sent Epstein a termination letter on Dec. 21, 2018, that said the relationship had to end. Epstein's team, according to the Financial Times, was given until the end of February 2019 to move his money elsewhere. But the day before the original deadline, internal emails reviewed by Fort"
In May 2019, a Deutsche Bank wealth unit director reviewed internal systems and found that some Jeffrey Epstein accounts were zero balance but still open. The director wrote colleagues about closing Epstein accounts and noted the bank had not fully severed ties. Deutsche Bank had previously told Epstein it was ending the relationship in December 2018, weighing reputational risk against revenue from fees and trading income. The bank later claimed it sent a termination letter and gave Epstein’s team time to move money elsewhere. Internal communications indicated the closure process was incomplete shortly before Epstein’s arrest.
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