The financial times has reported that the business at the core of deutsche banks latest money laundering probe was small and was earmarked for sale since early 2016 last week over 170 police. Criminal prosecutors continued to raid deutsche banks offices in frankfurt on friday as they sought evidence on suspected money laundering at germanys largest bank.
Dresdner bank was established on 12 november 1872 through the conversion of private bank michael kaskel.
Deutsche bank raid. Dresdner bank founding consortium consisted of allgemeine deutsche creditanstalt leipzig berliner handels gesellschaft berlin deutsche vereinsbank frankfurt am main deutsche effecten und wechselbank frankfurt am main and anglo deutsche bank hamburg with an. Deutsche bank said on wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving. Read the news as it happens.
Deutsche bank dbkde ceo christian sewing said the bank has laid a solid foundation for the next phase as it delivered weaker than forecast results. Deutsche bank ag chief executive officer christian sewing said the bank will seek to increase revenue without sacrificing discipline as he attempts to reboot the troubled german lender. Some 170 police officers investigators and prosecutors raided the german offices of deutsche bank on thursday on the suspicion bank employees helped clients set up offshore companies in tax.
Thats alongside an equally steady stream of lawsuits and investigations topped by a raid on the banks headquarters in november. Latest breaking news and headlines on deutsche bank aktiengesellschaft db stock from seeking alpha. Sewing also batted away questions.
Turnaround plans and the steady departure of senior executives. Deutsche bank offices in frankfurt were raided on thursday morning by about 170 police officers prosecutors and tax inspectors as part of a broad criminal investigation into alleged money laundering.