BERLIN—German authorities raided the offices of Deutsche Bank in Frankfurt, Germany, on Thursday over money laundering allegations. Police officers walk in the backyard of Deutsche Bank headquarters during a raid in Frankfurt on Thursday. “We have already provided the authorities with all the relevant information regarding Panama Papers,” Deutsche Bank said in the statement. Deutsche Bank has been struggling for some time, having been unprofitable for the past three years. Just this year, Deutsche Bank has replaced its chief executive, announced thousands of job cuts and failed the U.S. Federal Reserve’s stress test.

Source: thestar November 29, 2018 16:52 UTC