Deutsche Bank Offices Searched in Money Laundering Probe
German federal police searched Deutsche Bank offices in Frankfurt and Berlin on Wednesday as part of a money laundering investigation, according to Euronews. The raids, ordered by prosecutors in Frankfurt, involved approximately 30 investigators who entered the bank's Frankfurt headquarters in plain clothes, Der Spiegel reported. Another Deutsche Bank location in Berlin was also searched.
Prosecutors stated that they are investigating unknown managers, Euronews reported. The Federal Criminal Police Office is leading the investigation.
The searches come at a time of broader economic uncertainty and shifting global dynamics. The Federal Reserve is expected to hold interest rates steady after three consecutive quarter-point reductions in 2025, the New York Times reported. Rates are currently in a range of 3.5 percent to 3.75 percent, considered to be in a neutral zone. The Fed's decision reflects the central bank's view that it can afford to take more time to assess its next steps.
Meanwhile, Prime Minister Sir Keir Starmer is in China for discussions on trade and other issues, according to Sky News. Relations between the UK and China have been on a "downward spiral" since the "golden era" symbolized by former Prime Minister David Cameron taking Chinese leader Xi Jinping for a pint in a Buckinghamshire pub, Helen-Ann Smith, Asia correspondent for Sky News, noted.
In Venezuela, there is talk of economic reform and opening up, modeled on China's post-Mao boom, according to The Guardian.
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