DEUTSCHE-BANK-RAID Prosecutors search Deutsche Bank offices for client transaction evidence

Record ID: 150701

  • Title: DEUTSCHE-BANK-RAID Prosecutors search Deutsche Bank offices for client transaction evidence
  • Date: 9th June 2015
  • Summary: FRANKFURT, GERMANY (JUNE 9, 2015) (REUTERS) DEUTSCHE BANK TWIN TOWER HEADQUARTERS SEEN FROM AFAR DEUTSCHE BANK LOGO ON BUILDING ENTRANCE TEXT ON WINDOW SAYING (German): "Respectfully and openly. We love diversity." MAN INSIDE BUILDING PEOPLE ENTERING AND EXITING BUILDING WIDE OF BUILDINGS, WITH SIGN SAYING "Respectfully and openly. We love diversity." PEOPLE ENTERING BUILD
  • Embargoed: 24th June 2015 13:00
  • Keywords:
  • Location: Germany
  • Country: Germany
  • Topics: General
  • Reuters ID: LVA8MZL9S2BKHOSW4THQJRLLTYZM
  • Aspect Ratio: 16:9
  • Story Text: Deutsche Bank offices in Frankfurt were searched on Tuesday (June 9) by German prosecutors seeking evidence related to client securities transactions, Germany's largest lender said.
    A source familiar with the situation told Reuters the raid was related to German private bank Sal. Oppenheim, which Deutsche Bank bought in 2010.
    No Deutsche Bank employees have been accused of wrongdoing in the case, a bank spokesman said.
    A spokesman for the Frankfurt prosecutors' office said "wide-ranging investigative measures" had been carried out, but declined to give details on the target or cause of the probe.
    The lender, which on Sunday (June 7) announced the surprise departure of its Co-Chief Executives Anshu Jain and Juergen Fitschen following a sharp drop in shareholder confidence in the pair, has been straining to rebuild its reputation in face of a raft of legal and regulatory problems.
    Those problems have prompted billions of dollars in fines and settlements.
    Authorities have repeatedly raided its offices in recent years in connection with investigations linked to the collapse of the Kirch media empire and a tax fraud case related to the trading of carbon dioxide emissions rights.
  • Copyright Holder: REUTERS
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