A US court has preliminarily approved a $72.5 million settlement agreement between Bank of America and the accusers of the late financier Jeffrey Epstein.

This decision marks a significant development in the lawsuit concerning the bank's association with Epstein. The judge's preliminary approval paves the way for a final settlement, but the agreement still requires further hearings before it becomes fully effective. The settlement aims to address accusations regarding the role of the US bank in Epstein's alleged sex trafficking activities. If ultimately approved, this substantial compensation will conclude a legal dispute that has lasted for years. The case highlights the scrutiny faced by financial institutions when dealing with high-risk clients and sets an important precedent for similar disputes.