Deutsche Bank Compliance Chief, 5 Board Member Offices Raided As Stock Hits All Time Low

"In what appears to be the latest in a string of financial crimes and scandals that have generated some $18 billion in fines since the financial crisis, prosecutors are investigating whether two employees in the bank's wealth management division helped clients set up accounts in offshore tax havens, including the British Virgin Islands, and possibly allowed criminals to move money through these shelters, some of which may have flowed through accounts at the bank (other employees may also have been involved, prosecutors said). According to Frankfurt prosecutors, the investigation, which stems from revelations contained in the 'Panama Papers', covers behavior that stretched through this year, meaning that it could become a blemish on the performance of the bank's newly-installed CEO Christian Sewing...."

https://www.zerohedge.com/news/2018-11-30/office-deutsche-bank-compliance-chief-raided-stock-slides-all-time-lows