Deutsche Bank Raided Over Past Links to Russia’s Abramovich
The headquarters of Deutsche Bank AG in Frankfurt, on Jan. 28.
Photographer: Florian Wiegand/Getty Images
Deutsche Bank AG was raided by German authorities on Wednesday as part of a money laundering probe looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, setting back the lender’s long-running effort to shed a previous reputation as a magnet for scandals.
Speaking at a previously scheduled earnings press conference the following day, Deutsche Bank Chief Executive Officer Christian Sewing said the investigation related to transactions between 2013 and 2018.