July 7, 2020
Albany, NY

Statement from Governor Andrew M. Cuomo on DFS Penalty on Deutsche Bank in Connection with Bank's Relationship with Jeffrey Epstein

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Statement from Governor Andrew M. Cuomo on DFS Penalty on Deutsche Bank in Connection with Bank's Relationship with Jeffrey Epstein

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"No matter how rich, how big or how powerful an institution you are, predatory behavior of any type will not be tolerated in New York. For years, Mr. Epstein's criminal, abusive behavior was widely known, yet big institutions continued to excuse that history and lend their credibility or services for financial gain.

"While Washington has routinely looked the other way when it comes to punishing financial institutions, New York and the Department of Financial Services will continue to take its role as a strong regulator seriously and will use every possible tool to protect New Yorkers from predatory behavior in all its forms."

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