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deutsche bank stock

Shares in German banking giant Deutsche Bank have come under heavy selling pressure in recent days.

This comes as traders digest the details of a fresh banking scandal.

Deutsche Bank shares have fallen from highs of almost EUR 10.00 in August. They are now at current lows around the EUR8.00 mark.

Implicated in Suspicious Transactions

The sell-off has occurred in response to reports of leaked documents revealing how major banks, including Deutsche Bank, worked with criminals to help them move capital around the world.

The International Consortium of Investigative Journalists (ICIJ) reviewed the documents, including over 2000 suspicious activity reports (SARs). These SARS were submitted by banks to authorities, and the ICIJ claims they were not properly handled.

The transactions in question amount to more than $2trillion in total. These took place over an 18 year period, between 1999 and 2017.

Shares in Deutsche Bank fell by 8% yesterday in response to the report. While they are around 0...

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