U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday.
Shares in Germany’s biggest bank were 0.5% lower on Thursday following the New York Times report, which cited seven people it said were familiar with the inquiry.
A Deutsche Bank spokesperson declined to comment on the Times report, but said: “We remain committed to cooperating with authorised investigations.”
The investigation includes a review of the German bank’s handling of so-called suspicious activity reports that its employees prepared about possibly problematic transactions, including some linked to President Donald Trump’s son-in-law and senior adviser, Jared Kushner, the Times reported.
Via Reuters / New York Times
