Deutsche Bank Probing Sales of Investment Banking Products
- Bank may have missold products to clients in Spain, Portugal
- Probe centered around a former employee, Financial Times says
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Deutsche Bank AG is conducting an internal probe after receiving complaints that some bank employees sold risky investments to clients who didn’t properly understand them.
“We initiated an investigation in relation to our engagement with a limited number of clients,” a bank spokesman said in a statement on Sunday, following a Financial Times report on the investigation. Deutsche Bank won’t comment further until it completes the review, he said.