Deutsche Bank

German police raid Deutsche Bank's offices in Frankfurt in connection with money laundering allegations that two staff members helped clients set up off-shore businesses as tax havens. Police officers, prosecutors and tax inspectors search six of the bank's offices and seize numerous written and electronic business documents. Deutsche Bank says the investigation stems from the 2016 Panama Papers leak.

German police raid Deutsche Bank offices on money laundering allegations; shares fall 3.4%

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