Deutsche Bank: Money laundering & Bad Bank

Deutsche Bank has been confronted with two new allegations: Firstly, the Federal Financial Supervisory Authority BAFin has opened an investigation concerning lax money laundering controls: The Deutsche Bank is accused of not reporting suspicious money movements to the police in time. Secondly, Deutsche Bank, Morgan Stanley and Goldman Sachs are planning to invest in Huarong, a Chinese bad bank. Huarong is one of four state-owned bad banks that take bad loans from major banks. Private Investors will give the bank the opportunity to continue with this approach.

Information on the investors of Deutsche Bank can be found here.