Even More Bad News For Deutsche Bank

Credit: Wochit
Published on July 11, 2019 - Duration: 00:32s

Even More Bad News For Deutsche Bank

Deutsche Bank is being investigated by the US Department of Justice.

The investigation was part of a wider probe of the 1MDB scandal, the Wall Street Journal reported.

The New York Times also reported that compliance staff at the German bank raised concerns about its deals with Jeffrey Epstein's firm.

Business Insider reports they were overruled by senior managers at the bank.

The reports add to Deutsche Bank's woes.

The share price has tanked and the bank just kicked off a brutal round of job cuts and restructuring.

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