Deutsche Bank Is Investigated by U.S. Over Money Laundering: NYT
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Deutsche Bank AG is being investigated by U.S. federal authorities for potential lapses in money laundering compliance, the New York Times reported, citing unidentified people with knowledge of the inquiry.
The investigations come at a particularly sensitive time for the bank as it seeks to restore investor confidence after failed talks on a merger with Commerzbank AG. The share price is hovering near a record low and there’s the prospect of further changes to top management as Chief Executive Officer Christian Sewing prepares to unveil his second turnaround plan next month.