Deutsche Bank faces investigation for possible money-laundering lapses: NYT

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Deutsche Bank faces investigation for possible money-laundering lapses: NYT
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U.S. federal authorities are investigating whether Deutsche Bank AG complied wit...

FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo

Shares in Germany’s biggest bank were 0.5% lower on Thursday following the New York Times report, which cited seven people it said were familiar with the inquiry. The investigation includes a review of the German bank’s handling of so-called suspicious activity reports that its employees prepared about possibly problematic transactions, including some linked to President Donald Trump’s son-in-law and senior adviser, Jared Kushner, the Times reported.

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