Deutsche Bank Offices Searched in Money Laundering Investigation
German police conducted searches at Deutsche Bank offices in Frankfurt and Berlin on Wednesday morning.
These actions were undertaken as part of an ongoing investigation into alleged money laundering.
Following reports of the probe, Deutsche Bank shares experienced a decrease of approximately 2.7%.
Deutsche Bank issued a statement confirming that Frankfurt prosecutors are conducting an investigation at its business premises. The bank stated its full cooperation with the prosecutor's office and declined to provide further comment on the matter.