Prosecutors, federal police and other officials searched Deutsche Bank's (DBKGn.DE) headquarters in Frankfurt on Friday in a move Germany's largest lender said was linked to suspicions of money laundering it had reported to the authorities, Report informs, citing Reuters.
Under Chief Executive Christian Sewing, Deutsche Bank has been trying to repair its reputation after a series of embarrassing and costly regulatory failings.
In a statement, Deutsche Bank said the search involved suspicious transactions it had itself passed on to authorities and that it was cooperating fully.
Prosecutors said they had a search warrant but declined to elaborate. They said representatives of financial regulator BaFin were also taking part.
BaFin and federal police declined to comment.
The bank's shares have dropped following news of the search.