German prosecutors drop money laundering probe against Deutsche Bank managers

BERLIN (Reuters) – German prosecutors said on Tuesday they were dropping a money laundering investigation against managers at Deutsche Bank (DE:DBKGn), over its relations with Danske Bank ‘s (CO:DANSKE) Estonian subsidiary, citing a lack of evidence.

The economic crimes unit at the Frankfurt Prosecutor’s Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases.