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A
source familiar with the situation told Reuters the raid was
related to German private bank Sal. Oppenheim, which Deutsche
Bank bought in 2010.
No Deutsche Bank employees have been accused of wrongdoing in
the case, a bank spokesman said.
A spokesman for the Frankfurt prosecutors' office said
"wide-ranging investigative measures" had been carried out, but
declined to give no details on the target or cause of the probe.
Deutsche Bank shares extended losses to trade down 3.2 percent
by 6 a.m. EDT, in line with the STOXX Europe 600 banking index
<.SX7P>.
The lender, which on Sunday announced the surprise departure of
its Co-Chief Executives Anshu Jain and Juergen Fitschen
following a sharp drop in shareholder confidence in the pair,
has been straining to rebuild its reputation in face of a raft
of legal and regulatory problems.
Those problems have prompted billions of dollars in fines and
settlements.
Authorities have repeatedly raided its offices in recent years
in connection with investigations linked to the collapse of the
Kirch media empire and a tax fraud case related to the trading
of carbon dioxide emissions rights.
(Writing Jonathan Gould; Editing by Maria Sheahan and David
Holmes)
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