Deutsche Bank Hits Record Low on New Worry Over Danske Role
- BaFin said to be seeking more information on the relationship
- The shares fall as much as 6 percent amid broader selloff
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Investors in Deutsche Bank AG have added the lender’s role in Danske Bank’s money laundering scandal to their growing list of worries.
A management shakeup, weak earnings and political turmoil in Italy and Turkey saw Deutsche Bank shares hit multiple lows this year. Now, concerns about its involvement in Europe’s biggest money-laundering scandal are weighing on the stock after the key whistle-blower pointed a finger at the bank. German supervisor BaFin is also seeking more information on its relationship with Danske, a person briefed on the matter said Tuesday.