Deutsche Bank 'faces US investigation' over work for Malaysia's 1MDB fund
by Reuters from World news | The Guardian on (#4JYFM)
Justice officials looking at whether bank broke foreign corruption or money-laundering laws, Wall Street Journal says
US officials are investigating whether the crisis-hit Deutsche Bank violated foreign corruption or anti-money-laundering laws in its work for the Malaysian state fund 1MDB, according to reports.
It follows the bank's plans to scrap its global equities unit, cut some fixed-income operations and slash 18,000 jobs globally in a $8.34bn restructuring programme.
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