The Klein Law Firm announces the commencement of an investigation of Deutsche Bank Aktiengesellschaft (NYSE: DB) concerning possible violations of federal securities laws.
The Wall Street Journal reported, on May 31, 2018, that the U.S. Federal Reserve had designated Deutsche Bank’s U.S. business as in a “trouble condition,” citing concerns about “its controls around measuring financial exposure to clients and valuing collateral that backed loans.” It was also reported that the Federal Deposit Insurance Corporation (“FDIC”) added Deutsche Bank’s FDIC-insured subsidiary, Deutsche Bank Trust Company Americas, to a list of “problem banks” which are at-risk. On this news, Deutsche Bank’s share price fell $0.49 or over 4% to close at $11.08 on May 31, 2018.
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