The German police conducted a raid Deutsche Bank Wednesday morning in Frankfurt and Berlin as part of a money laundering investigation.
Shares of the German lender were last down about 2.7% on news of the investigation, as reported by Spiegel.
“We can confirm that Frankfurt prosecutors are currently conducting an investigation at Deutsche Bank’s business premises,” the bank said in a statement.
“We fully cooperate with the prosecutor’s office. We cannot comment further on this issue.”
Deutsche Bank.
The investigation comes a day before the German lender’s fourth-quarter and full-year earnings report.
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