- 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