Deutsche Bank not raising provisions tied to Danske, Panama

Shoaib Ur Rehman December 6, 2018

FRANKFURT: Deutsche Bank will not raise provisions in connection with an investigation into separate money laundering investigations related to the Panama Papers and Danske Bank, a source with direct knowledge of the matter said.

The German bank reached the decision because it was not aware of any wrongdoing on its part in either case, added the source, who spoke on condition of anonymity. A Deutsche Bank spokesman declined to comment.

Copyright Reuters, 2018




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