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German global banking and financial services company
Deutsche Bank appears primarily in the context of its controversial banking relationship with Jeffrey Epstein (2013-2018) and Donald Trump's financial troubles, with mentions spanning regulatory settlements, Trump's loan difficulties, and casual email references to developing scandals.
The bank appears in three distinct contexts: First, in documents discussing Trump's $640 million loan for Trump Tower Chicago and his personal guarantee of $40 million, with Epstein allegedly advising Trump on surviving his Deutsche Bank obligations. Second, in emails and messages referencing the bank's emerging Epstein scandal and anticipated release of documents ('Deutsch bank papers very bery bad,' 'deutsch bank getting interesting soon'). Third, in formal documents including asset management materials, business presentations, and a July 2020 reference to the DFS settlement over the bank's failures in monitoring Epstein's accounts. Several mentions appear in casual email correspondence tracking news developments.
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al Instruments presented herein ere not Insured by the Federal Deposit Insurance Corporation (FDIC'). are not guaranteed by. nor are obligations of, Deutsch* Bank AG or any of its affiliates re subsidiaries and are subject to investment risk, including possible loss ci the principal amount invested. Deutsche Bank
st accounting or other report If you have otestions, please consult your attorney Common Trust Fund Accounts: II rota account is a participant in a Deutsche Bark's Common Trust Funds, a lull copy of the most recent sedated annual report is available upon MOU0111 without charge. Non'US Account holders: With respe
ts may indicate 'N/A' 'not available This coes not necessarily mean that the assets se worth zero of that the assets are ir default h does meat that Deutscee Bank is currently unable to establish a value for those assets for the purpose of this account statemort II any ore or more assets have an indication of
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t/Nation Authaity and '5 %Ant to limited legJation by the Fnanc d Conduct Authority and Pralastkal Rewlation Autherly for the candid of UK business. Deutsche Bank AG le a joist slop orprelim yeah l'rnIted Iud5ty incofpomted 'n the Federal Republic of Germany HRB No. 300(.0 Ustrict Court of Fra ntfurtam Main; Dm rch
is Transactions Deutsdie Sank AG, London Brandt. The Office of Party B for this Transaction s 1 SOUTH STREET BALTIMORE 21202,WRYLAND,UNITED STATES Deubche Bank AG isauthorised under Getman Ilerkly law (competent sathority Federal Festal Soper/nine Autholityl. Deutsche Balk AG London Branch is further authoris
ax number +44 (20) 7545 6438 Deutsche Sark AG is autnorised under German Darlene taw (comµtent authority -Berm Federal Friend& Super/äng Authority). Deutsche Ben< AG 1.01601 Branch is further autholsed by the Prudential fIntJation ;SAN:tity and s soled to *Tim leg,sark,,, by the rnare d conduct Auguyity and Prad
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airs] by me Fosaricol C.Pnetit1allthrtY NI the COndua Of serthtment Winer° n the UK and •sthorceS by the GO.n les report a dstributed m Hong Kong by Destsche Bans AG, Hong Kong Goofs in Kral by Dwarf-it...Caen Korea CO She moan a Ontrbeed n Secjapore by Deutsche Gana AG. Singspere erns or Deutsche SeCollies Asia
Lome; Singapore tows!, 'One Renee 0.411 Ile 00 Souls Tows. Sing•Chrre 00/3580 .05 6i 23 $0011. and reggieres Snthotete Of tAis repel are tO fermate Deutsche Bank AG SheePOle eatCh or Deese., Newlin Asia Linea; S Nape. Borth w respect Many marten *Mow from or in Connection with Ow repel. Were this report a issues
migoes Singaporetoa person WO 6 net an mooned Nester, espet Itne$104 a heIniessnal WNW, IY defined .fl the appriCable Siqp-Mt tats and registrars), Deutsche Bark AG. Segapoke Beene. Of Deutsche Stetson Asia Liintaa Slrtethn Borth ilf.teat$ legal wsponsitilly W oride tenon for the contorts of am report in Japan e
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eas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and
y Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 Australia Tel: (61) 2 8258 1234 Deutsche Bank AG London 1 Great Winchester Street
y Research, Germany Steve Pollard Regional Head Americas Research Global Disclaimer The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deutsche Bank"). The information herein is believed to be reliable and has been obtained from public source
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of any person as a result of Deutsche Bank Alex. Brawn's receipt of or compBance with this authorization and/or any insiruciions that may be given lo Deutsche Bank Alex. Brawn puituani to this authorization (including any standing auihonzBlion). The undersigned understands that ITautsche Bank Alax Brown may,
etion refuse to execute such Insuuctlons (fncluding standing insUuctJans) given pursuant to this authorization, without incuiring any Nabiliiy, If Dautsche Bank Alex Brawn has reason lo bekave such Insuuciions (or aiandlng insiruciionsl have not been provided by the undersigned. The undersigned further und
that this authorization act as a standing aulhoruation. The undersigned understands and agrees that this authorization will remain in effect until Deutsche Bank Alex. Brown tequesta a new auihorizai'ion The undersigned authorizes Deutsche Bank Alex. Brawn lo issue the wire. check or journal on thedayol K The un
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scussed in this report is available upon request. This report may not be reproduced, distributed or published by any person for any purpose without Deutsche Bank's prior written Copyright @ 2015 Deutsche Bank AG consent. Please cite source when quoting. 17th Floor, 11372 Riyadh, Saudi Arabia. informati
ities Inc. EFTA01476546 20 November 2015 US Equity Insights Additional Information The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deutsche Bank"). Though the information herein is believed to be reliable and has been obtained from public
of an underlying security, effectively assume currency risk. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor's home jurisdiction. United States: Approved and/or distributed by Deutsche Bank Securities Incorporated, a member of FIN
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l Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head International Locations Deutsche Bank AG Deutsche Bank Place Australia Tel: D t iei n n London EC2N 2EQ United Kin dom Tel: Deutsche Bank AG 1rma Tel: .1111111. Deutsche Bank Securities Inc. United S
eas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and
rector Equity Research North America Steve Pollard Regional Head Global Disclaimer The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deutsche Bank"). The information herein is believed to be reliable and has been obtained from public source
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its sole docretion refuse to erscula such insineatIont Oncludng Pandang instructors) given pursuant to the authorization. Without noinirc any ballet II Deutsche Bank Max. BrOwn he; ration to berm such Instructions for standing inaincronsi hive not been provided by the undersigned. The twee Beet mes. Brom m ains u
ire, check or lownei. If the undersigned decides la vary either the date or the amount of the wee. check or journal. the undersigned hereby authorim Deutsche Bank Alex. Brown 10 accept the verbal instructions from the undersigned negate the Charge or changes. The 4,de:signed further understands and agrees to comply
above asset movement ;nano° ons undo the terms of Me governing documents end any applicable sews. The undersigned hereby releases and holds harmless Deutsche Banktyp. Brown horn and against loo from errir action. dent or demand of any person as a result of Deutsche Bank Nor. DepterramceW of hothhithhCh With this
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t in deciding to trade on a EFTA01464586 proprietary basis. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor's home jurisdiction. In the U.S. this report is approved and/or distributed by Deutsche Bank Securities Inc., a member of th
rector Equity Research North America Steve Pollard Regional Head Global Disclaimer The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deutsche Bank"). The information herein is believed to be reliable and has been obtained from public source
l Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 Australia Tel: (61) 2 8258 1234 Deutsche Bank AG London 1 Great Winchester Street
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l Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head International Locations Deutsche Bank AG Deutsche Bank Place Australia TDeult:II IIIIIIIIIIII London EC2N 2EQ United Kin dom Tel: Deutsc e an Groge Gallusstrage 10-14 German Tel: Deutsc e an< ecuritie
rector Equity Research North America Steve Pollard Regional Head Global Disclaimer The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deutsche Bank"). The information herein is believed to be reliable and has been obtained from public source
scussed in this report is available upon request. This report may not be reproduced, distributed or published by any person for any purpose without Deutsche Bank's prior written consent. Please cite source when quoting. Copyright 0 2013 Deutsche Bank AG GRCM2013PROD029921 EFTA01464412
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Name: JEFFREY EPSTEIN Account Number: Base Currency: USD IMPORTANT NOTICE: This account is maintained at Deutsche Bank Trust Company Americas ('Deutsche Banal. Account Statement Information: This statement is biro furnished pursuant to an agreamert between No accourt holder and Deutsche Bark This statement
pal amount invested. Deutsche Bank cannot guarantee the future performance of your account, promise any specific level of performance a promise that Deutsche Bank's investment recommendations or strategies for your *mount will be successful. Time DepositsITDsl with Deutsche Bank AG: AdOlons or Wkhdrawals Depos
claimer As of November 30. 2017 Account Name: JEFFREY EPSTEIN Account Number: Base Currency. USD Subtract to mitten verification acceptable to Deutsche Rank in es sole ciscretion, nominally will be charged ler early withdrawal upon the math or loss ol legal comprim-cy of any ircivicual who is No account h
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the foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Target prices set by Deutsche Bank's equity analysts are based on a 12-month forecast period.. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsch
Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Deutsche Esank Research- Etinarassen Equity Focus — Janis:ay 2018 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL S2 DB-SDNY-0086837 SDNY_GM_0023
Bank's equity analysts are based on a 12-month forecast period.. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Deutsche E
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scussed in this report is available upon request. This report may not be reproduced, distributed or published by any person for any purpose without Deutsche Bank's prior written Copyright 0 2015 Deutsche Bank AG consent. Please cite source when 17th Floor, 11372 Riyadh, Saudi Arabia. information at quo
Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 AustriiiiIIIIIIIIIIIII Tel: Deutsche Bank AG London 1 Great Winchester Street Lo
of an underlying security, effectively assume currency risk. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor's home jurisdiction. United States: Approved and/or distributed by Deutsche Bank Securities Incorporated, a member of FIN
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02% ASS Sower Owen?. Sink Fn(. &bombe. Haw. LP Date 29 March 2018 Strategy Update Aleksandar Stojanovski Research Analyst +971-4-361-1786 VA Deutsche Bank AG/London Distributed on: 29/03/2018 03:12:07 GMT Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, inv
securities issued by the companies it covers. Deutsche Bank research analysts sometimes have shorter-term trade ideas that may be inconsistent with Deutsche Bank's existing longer-term ratings. Some trade ideas for equities are listed as SOLAR ideas on the Research Website I I , and can be found on the genera
this directly from us, we ask that you inform us immediately. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor's home jurisdiction. Aside from within this report, important conflict disclosures can also be found at on each company' s r
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isor regarding any tax matters addressed herein based on its particular circumstances. All trademarks and service marks on this statement belong to Deutsche Bank AG or its affiliates, except third-party trademarks or service marks, which are the property of their respective owners. "Deutsche Bank" means Deutsc
no sales charges and no conflict of interest. Deutsche Bank products are excluded from calculation of the billable assets for advisory fee charge. No Deutsche Bank commission charged on trades. Commission on trades are only charged by the counterparty. Fees are subject to change without notice. Further inform
iliates of Deutsche Bank. "Deutsche Bank" means Deutsche Bank AG and its affiliated companies, as the context requires. Wealth Management refers to Deutsche Bank's wealth management activities for highnet-worth clients around the world. Deutsche Bank Wealth Management 9 EFTA01477954 Growth Tactical alloca
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rust Company Americas l'Oeutsche Account Statement Information: this statement is txurg lurmyheo pursuant to or agreement tetweer the account holder aro Deutsche Bank I his stammert is lot the exclusive use of the account holder pursuant to such &groaner t anti may rot be relied upon by third parties. Neither Deut
Rating section of this statement is available upon mitten reot.est of the account holder M tracemarks ano service marks or this statement belong to Deutsche Bark AG or as affiliates or subsidiaries, except thud party trademarks or service marks. which are the propony of Neu respective amen The Global Industry Cl
pal amount invested. Deutsche Bank cannot guarantee the future performance of your amount, promise any specific level of performance or promise that Deutsche Bank's investment recommendations or strategies for your account will be successful. Time Deposits(TDs) with Deutsche Bank AG: Addkions ox Withdrawals De
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isor regarding any tax matters addressed herein based on its particular circumstances. All trademarks and service marks on this statement belong to Deutsche Bank AG or its affiliates, except third-party trademarks or service marks, which are the property of their respective owners. "Deutsche Bank" means Deutsc
no sales charges and no conflict of interest. Deutsche Bank products are excluded from calculation of the billable assets for advisory fee charge. No Deutsche Bank commission charged on trades. Commission on trades are only charged by the counterparty. Fees are subject to change without notice. Further inform
iliates of Deutsche Bank. "Deutsche Bank" means Deutsche Bank AG and its affiliated companies, as the context requires. Wealth Management refers to Deutsche Bank's wealth management activities for highnet-worth clients around the world. Deutsche Bank Wealth Management 9 EFTA01478024 Growth Tactical alloca
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lied by a third party prancer unrelated to Deutsche Bark arc are based or interbank exchange rates at the time of the close of this account statement Deutsch* Bank does not prepare. edit. or encorse third party data Deutsche Bank is rot responsible for inaccurate. incomplete or missing information with respect
ating section of this statement is available upon written recuest of the account ticker MI trademarks and service marks on this statement belong to Deutsche Rank AG or its albliates or subsioiaries, except third party tracemarks or service marks, which arc the properly of their respective owners. the Global Incus
t responsible for the accuracy of such information taxpayers may be required to report to federal. state, or other U S or non S taxing authorities. Deutsche Dank makes no warranties with respect to, and specifically disclaims any liability arising out of a customers use of. Or any tax position taken in relian
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ndersigned /tannin Deutsche Bank Alex. Brown to Issue the wire. check or jewels' on the day of fore term of U The undersigned further authorizes Deutsche Bank Net &own to accept verbal inlinletiOn3 born the undersigned to wire funds, issue checks or puma' funds toRrom the rebore Iced accounts. The undersigned wi
; may be given to Deu:sche flank Alex. Brown pursuant to this aulliOtUaliOn 0ncluding any standing authoruelicin). The undersigned understands that Deutsche Bank Ales. Brown may. but es not reputed to, seek veracities' of the undcusoned's instructions by call back and that Deutsche Bank Alex. Brawn may in its sole
dsogive hereby releases and holds harmless Deutsche Bank Alec Brown from and against loss korn u-v rid-. claim or demand of any person as a tenet of Deutsche Ban) Nex. Broom's receipt of or temperate with this authorization ambler any instritteri the; may be given to Deu:sche flank Alex. Brown pursuant to thi
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execute any instructions to transfer funds or securities to any OCCOunl(S) enginel egneturen) of the urderiagned alfidt•WWNild further understands Wet Deutsche Bank Alex ne.sie to des istideotation wet"' seri s not egtaLt—g-4-, - parron K Indyke 1047-2014 ▪ !VW ear; Mee Den tune net Name e III 1 1th
demand of wry person pares& of Deutsche Bank Alec Brown's receipt of or damning with this/tuition:aeon andfor any riu-erinns that may he cx,..1^ to Deutsche Bank Aka. Brown wawa to INS euthonastion inducing any vendee aultiortaberd The undersigned understands that Deutsche Bank Alex Brown may, bus it not require
requetts that this authorization ea et a %tendril inAliontielion. The unde nee undeittandS end WOOS thet this euthonraton wog roman in elect until Deutsche Bank Mex. Brawn requests a new autlionnoor,. The undersigned Deutsche Bank Alex Brown to issue the wire, check or our al on the day or fore term of K Th

Jeffrey Epstein
PersonAmerican sex offender and financier (1953–2019)

Julie K. Brown
PersonAmerican journalist
Darren Indyke
PersonAmerican lawyer, longtime personal attorney and co-executor of Jeffrey Epstein's estate

Paul Morris
PersonAmerican private wealth banker, Managing Director at Deutsche Bank and later Merrill Lynch, managed Jeffrey Epstein's banking accounts
Amanda Kirby
PersonDeutsche Bank Trust Company Americas employee who handled client services for Jeffrey Epstein's accounts in New York
Deutsche Bank Alex. Brown
OrganizationDeutsche Bank subsidiary formerly known as Alex. Brown & Sons

Martha Stewart
PersonAmerican businesswoman, writer, TV personality (born 1941)
Deutsche Bank Securities Inc.
OrganizationDeutsche Bank Securities Inc., US broker-dealer subsidiary of Deutsche Bank AG

United States
LocationCountry located primarily in North America
Alex Brown
OrganizationInvestment banking firm acquired by Deutsche Bank
Deutsche Bank Trust Company Americas
OrganizationDeutsche Bank Trust Company Americas, US trust company subsidiary of Deutsche Bank AG

Daniel Sabba
PersonFinancial professional at Deutsche Bank Securities Inc. who served as Jeffrey Epstein's broker/director (2014-2017)

Stewart Oldfield
PersonDeutsche Bank Wealth Management director, relationship manager for Epstein entities
Vahe Stepanian
PersonFinancial associate of Epstein appearing in email correspondence

Tazia Smith
PersonDeutsche Bank Securities director, Key Client Partners division, managed Epstein accounts

Richard Kahn
PersonJeffrey Epstein's accountant and estate co-executor (2005-present)
Deutsche Bank Group Valuation Statement
OrganizationDeutsche Bank group financial valuation document
Q Journal Funds
OrganizationInvestment fund
Glendower
LocationEstate or property name referenced in documents

Prince Charles
PersonKing of the United Kingdom and other Commonwealth realms since 2022 (born 1948)