Top Democratic lawmakers call for investigation into Deutsche Bank controls
Source: Reuters
POLITICS DECEMBER 13, 2018 / 9:49 AM / UPDATED 23 MINUTES AGO
Top Democratic lawmakers call for investigation into Deutsche Bank controls
Michelle Price
2 MIN READ
WASHINGTON (Reuters) - Two top Democratic U.S. senators on Thursday called for the Senate to open an investigation into Germanys Deutsche Bank (DBKGn.DE) over its compliance with U.S. anti-money laundering and bank secrecy laws.
Senators Elizabeth Warren and Chris Van Hollen said in a statement that they had written to the chair of the Senate Banking Committee asking for the probe in light of investigations into the bank by European authorities that called into question its compliance controls.
A spokeswoman for Mike Crapo, the Republican chair of the Senate Banking committee who has the power to approve a probe, did not immediately respond to a request for comment.
A spokesman for Deutsche Bank did not immediately provide comment, but the bank has previously said it would cooperate with any investigations into its affairs.
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https://www.reuters.com/article/us-deutsche-bank-moneylaundering/top-democratic-lawmakers-call-for-investigation-into-deutsche-bank-controls-idUSKBN1OC1ZT