A New York Times report suggests that Deutsche Bank, the embattled banking titan faces an investigation by Federal Authorities.
The investigation includes a review of Deutsche Bank’s handling of so-called suspicious activity reports that its employees prepared about possibly problematic transactions, including some linked to President Trump’s son-in-law and senior adviser, Jared Kushner, according to people close to the bank and others familiar with the matter.
This is part of a criminal investigation into wider examinations into how illicit funds flow through the American financial system.
Deutsche Banks shares were down after the report.
The Justice Department has been investigating Deutsche Bank since 2015, when agents were examining its role in laundering billions of dollars for wealthy Russians through a scheme known as mirror trading. Customers would use the bank to convert Russian rubles into dollars and euros via a complicated series of stock trades in Europe and the United States.
