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Deutsche Bank is considering closing its Russian investment banking activities in response to an investigation into potential money-laundering for Moscow clients.
John Cryan, the new co-chief executive of Germany’s biggest bank, is expected to make deep cuts in its Russian operations, which are among the largest of any foreign bank, said people familiar with the matter.
Deutsche is being investigated by UK, US and German regulators over whether its Russian equities operation breached anti money-laundering laws in the country.
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