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Deutsche Bank offices searched by authorities

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© Reuters. FILE PHOTO – The Deutsche Bank headquarters in Frankfurt are shown here on September 21st 2020. REUTERS/Ralph Orlowski/File photo

FRANKFURT (Reuters] – Federal police, prosecutors and other authorities are searching for suspects in a robbery at Deutsche Bank Frankfurt’s Prosecutors said Friday that they had received an ETR:

Prosecutors refused to give details about the reasons for the move. According to the prosecution, representatives of BaFin financial regulator were also involved.

Deutsche Bank spokesperson declined to comment. BaFin did not respond to our request for comment.

Deutsche Bank has under Christian Sewing its Chief Executive Officer been working to restore its reputation following a number of costly and embarrassing regulatory mistakes.

The bank reported a 17% increase in its first quarter profit, which was better than expected. However, it cautioned that annual earnings could be affected by the Russia-Ukraine war.

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