Deutsche Bank has agreed to pay $75m (£60.1m) to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking.

The agreement resolves claims filed last year in New York by an anonymous woman on behalf of herself and other accusers, alleging Deutsche Bank did business with Epstein for five years knowing he was engaged in sex-trafficking.

Epstein had been a Deutsche Bank client from 2013 to 2018. He died in August 2019 in jail while awaiting trial for sex trafficking, in what New York City's medical examiner called a suicide.

A Deutsche Bank spokesman declined to discuss the agreement, but referred to a 2020 statement in which the bank acknowledged error in making Epstein a client.

He also said Deutsche Bank has invested more than €4bn to bolster its controls, processes and training, and hired more people to fight financial crime.

David Boies, one of the accusers' lawyers, said in a statement that Epstein's abuses "could not have happened without the collaboration and support of many powerful individuals and institutions. We appreciate Deutsche Bank's willingness to take responsibility for its role."

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