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News Link • Central Banks/Banking

Deutsche Bank Shares Hit Record Low On Massive Money Laundering Fears

• https://www.zerohedge.com by Tyler Durdan

The latest is BaFin, the German financial markets regulator, which has asked the bank for more information about its correspondent banking activities, according to Reuters.

German financial watchdog Bafin has asked Deutsche Bank (DBKGn.DE) to supply information on its dealings with Danske Bank, which is ensnarled in money laundering allegations, a source close to the matter said on Tuesday.

After a fast evaluation of the data, Bafin will decide whether to launch a formal probe into Deutsche Bank, the source added.

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