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Thursday, November 29, 2018

Deutsche Bank shares sink 4% after police reportedly raid offices on money laundering allegations

German police conducted a search of Deutsche Bank's offices in Frankfurt on Thursday, according to multiple media reports, amid allegations of money laundering against the country's flagship lender.

Shares of the bank fell toward the bottom of the European benchmark on the news, down more than 4 percent during early morning deals.

Deutsche Bank declined to comment when contacted by CNBC Thursday morning.

This is a breaking news story, please check back later for more.

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