Deutsche Bank fears prosecutions over money laundering

Leaked internal report shows German lender expects significant brand damage

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(Image credit: 2013 Getty Images)

Deutsche Bank fears it faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, reports The Guardian.

In a confidential internal report, the troubled lender concedes that the scandal has hurt its “global brand” – and is likely to cause “client attrition”, loss of investor confidence and a decline in its market value.

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