The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank comp...
FRANKFURT - The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday.
The transactions were notable because they were linked to companies controlled by U.S. President Donald Trump and his son-in-law and advisor Jared Kushner, according to the report. A Deutsche Bank spokesperson declined to comment on the Times report, but said: “We remain committed to cooperating with authorized investigations.”
Deutsche Bank has struggled to bounce back after the 2008 financial crisis and has been plagued by failed regulatory stress tests, multi-billion dollar fines and management upheavals and most recently a failed merger. Shares in Deutsche, which hit a record low earlier this month, were 0.9% lower on Thursday, making the bank the biggest loser on the DAX index of blue-chip companies.
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