Deutsche Bank Raided Over Late Filing of AML Report (Correct)

This story was originally published on Jan. 28 and was corrected on May 21 to clarify the focus of the Deutsche Bank raid in headline and seventh paragraph.

Deutsche Bank AG was raided by German authorities on Wednesday as part of a money laundering probe looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, setting back the lender’s long-running effort to shed a previous reputation as a magnet for scandals.

Speaking at a previously scheduled earnings press conference the following day, Deutsche Bank Chief Executive Officer Christian Sewing said the investigation related to transactions ...