Skip to content
Subscriber Only

Deutsche Bank Raids Reached Senior Managers

  • Shares extend slump to record low after another day of raids
  • Bank’s supervisory board is scheduled to gather on Tuesday
Video player cover image
Deutsche Bank Questions Multiply as Raid Extends to a Second Day
Updated on

A second day of police raids at Deutsche Bank AG targeted the offices of its management board as German authorities said they’re making “very rapid” progress investigating suspected money laundering.

All eight members of the panel had their offices searched. In a statement late Friday, the firm said neither current nor former board members have been accused of wrongdoing. Yet with the bank’s leadership now drawn closer to the probe, its shares tumbled to a record low.