Some 500 German police officers have raided the headquarters of the Deutsche Bank in Frankfurt, arresting five employees. Officials say staff are suspected of involvement in tax evasion and money laundering.
Germany's biggest commercial lender, Deutsche Bank, earned more than expected in 2014. Its net profit rose due to lower legal costs and better investment banking results.
An HSBC subsidiary is in the news for helping wealthy clients evade millions in taxes. So what else is new? Lots of big banks have been fined for corrupt practices in recent years, says DW's Jasper Sky.
Global temperature will continue to rise to dangerous levels, unless emissions are reduced. Germany economist Ottmar Edenhofer says a price on carbon is the answer.
Deutsche Bank has said it expects to pay close to 900 million euros in legal fees in the third quarter. The high price tag comes as Germany's largest lender fights charges of interest rate manipulation and other sins.