German watchdog asks Deutsche to supply information on Danske: source


People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – German financial watchdog Bafin has asked Deutsche Bank (DBKGn.DE) to supply information on its dealings with Danske Bank (DANSKE.CO), which is ensnarled in money laundering allegations, a source close to the matter said on Tuesday.

After a fast evaluation of the data, Bafin will decide whether to launch a formal probe into Deutsche Bank, the source added.

Deutsche Bank and Bafin declined to comment.

Reporting by Andreas Framke; Writing by Arno Schuetze; Editing by Riham Alkousaa


By Kenyan Digest

The Kenyan Digest Team