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Deutsche Bank slips amid Russian money-laundering allegations

  • Deutsche Bank (NYSE:DB) -2.6% premarket as the German bank could face legal action over a $20B Russian money-laundering scheme.
  • The Guardian published a confidential internal report in which the bank admits fears over “significant disciplinary action” from U.S. and U.K. regulators, conceding that the scandal had hurt its “global brand” and was likely to cause “client attrition” and a decline in market value.

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Deutsche Bank Aktiengesellschaft