The US Federal Reserve is investigating how Deutsche Bank handled billions suspicious payments from Danske Bank, as regulators try to unravel who was involved in one of the largest financial scandals in history.
Bloomberg, citing people familiar with the matter, said the probe is in early stages and is looking at Deutsche Bank properly monitored funds from an Estonian branch of Danske Bank.
The German lender is under increasing pressure after a litany of allegations have helped torpedo the bank’s stock in the last year. Deutsche Bank’s offices were raided twice late last year in connection to an investigation about the bank’s role in the Panama Papers global money-laundering scandal.
