German police raided Deutsche Bank locations in Frankfurt and Berlin on Wednesday over an investigation into money laundering. File Photo by Wallace Woon/EPA-EFE
German police raided Deutsche Bank locations in Frankfurt and Berlin on Wednesday over an investigation into money laundering.
Deutsche Bank said in a statement that it is cooperating with law enforcement on the investigation.
“We confirm Frankfurt prosecutors are currently conducting an investigation at Deutsche Bank’s business premises,” the statement said. “We are cooperating fully with [the] prosecutor’s office. We cannot comment further on this matter.”
The prosecutors say the probe is related to executives and employees of Deutsche Bank who are suspected of being involved in money laundering. Prosecutors also say Deutsche Bank has maintained relationships with foreign companies that were suspected to be part of a money laundering scheme.
Suspects in the investigation have not been named.
News of the investigation preceded shares in Deutsche Bank falling by about 2.7%.
Deutsche Bank is set to release its fourth quarter 2025 and year-end earnings report on Thursday.
The investigation marks the third time in the last eight years that law enforcement has probed Deutsche Bank. It did so in 2022, also in a money laundering investigation, and in 2018 in an investigation of two employees for tax evasion.
Deutsche Bank has been penalized in the past for delays in its anti-money laundering reports. Banks are required by law to promptly file reports of suspicious activity.
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Picketers hold signs outside at the entrance to Mount Sinai Hospital on Monday in New York City. Nearly 15,000 nurses across New York City are now on strike after no agreement was reached ahead of the deadline for contract negotiations. It is the largest nurses’ strike in NYC’s history. The hospital locations impacted by the strike include Mount Sinai Hospital, Mount Sinai Morningside, Mount Sinai West, Montefiore Hospital and New York Presbyterian Hospital. Photo by John Angelillo/UPI | License Photo
