Danske Shareholders Unnerved by Laundering Raid at Deutsche Bank
- Danish bank is second-worst European stock, after Deutsche
- Danske Bank is at the center of a $230 billion investigation
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The two European bank stocks faring worst on Thursday have one big thing in common: money laundering allegations.
Danske Bank A/S, which is at the center of one of Europe’s worst ever dirty money cases, fell as much as 3.8 percent in Copenhagen. Investors started selling after learning that Deutsche Bank AG’s offices had been raided by police in connection with a separate laundering probe. It fell as much as 4.9 percent.