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Deutsche Bank Stock Slumps Following Police Raid

Kevin Curran

shares hit their second lowest close in history on Thursday after a police raid on the company's Frankfurt headquarters in early morning hours. Thursday's police raid was prompted by German authorities' interest in the company's role in the weaving web of offshore accounts laid out in the Panama Papers. The raid was by no means small in scale, garnering the attention of nearly 200 officers on the scene at the Frankfurt offices.