Deutsche Bank shares sink 4 percent after police raid offices on money laundering allegations

From cnbc.com

German police conducted a search of Deutsche Bank's offices in Frankfurt on Thursday, amid allegations of money laundering against the country's flagship lender. The investigations are directed against two Deutsche Bank staff members, with both accused of helping clients set up off-shore businesses to launder money gained from criminal deeds. A total of 170 police officers, prosecutors and tax inspectors searched six of Deutsche Bank's offices on Thursday, Frankfurt's public prosecutor's office said in a statement. Numerous written and electronic business documents were seized from the bank, while further ... (full story)