German prosecutors drop money laundering probe against Deutsche Bank managers By Reuters


© Reuters. The logo of Deutsche Bank is pictured on a company’s office in London

BERLIN (Reuters) – German prosecutors said on Tuesday they were dropping a money laundering investigation against managers at Deutsche Bank (DE:), over its relations with Danske Bank ‘s (CO:) Estonian subsidiary, citing a lack of evidence.

The economic crimes unit at the Frankfurt Prosecutor’s Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases.

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