Deutsche Bank’s troubles aren’t going away. The stock is sinking after a second day of raids.

  • Deutsche Bank’s offices were raided again on Friday, following a police raid on Thursday as part of a Panama Papers-related money-laundering investigation.
  • The bank is under increasing pressure following a litany of allegations against the German lender, its shares dropped again today to a record low. The stock’s year-to-date decline is about 50%.

Deutsche Bank’s difficult week continued as prosecutors raided the lender’s offices in Frankfurt for a second day, a sign the probe about its role in a global money laundering scandal is widening.

The shares fell to a record low. Again. They were down about 3% on Friday, taking its year-to-date plunge to a whopping 50 percent. The market capitalization of the once-mighty bank is about $19 billion, not a significant amount more than the bank has had to pay in fines since the financial crisis.

The bank has been dogged by high levels of executive turnover and legal

... read more at: https://www.inventiva.co.in/startups/finance/deutsche-banks-troubles-arent-going-away-the-stock-is-sinking-after-a-second-day-of-raids/

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