Germany's Bundesbank and financial watchdog Bafin are reportedly investigating Deutsche Bank...

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Germany's Bundesbank and financial watchdog Bafin are reportedly investigating Deutsche Bank (DB) over allegations by former employees that it hid up to $12B in losses during the financial crisis by incorrectly valuing credit derivatives. Deutsche Bank has denied the claims, with CFO Stefan Krause saying in December that after reporting them to the SEC, the agency had not brought an enforcement action.