Investment Banking

Deutsche defends itself with stock near all-time low

Finance chief says lender is not aware of ‘wrongdoing on our part’ after surprise raid last week

Deutsche defends itself with stock near all-time low
Photo: iStockPhoto

Deutsche Bank, its shares trading near all-time lows, has sought to reassure investors about the German bank’s stability following a fresh wave of negative news, including a surprise raid on its Frankfurt headquarters last week.

Finance chief James von Moltke said in a televised interview on December 6 that Deutsche Bank experienced a “very muted client response” to last week’s raid by German authorities of its offices in a money-laundering and tax-evasion probe.

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