We are investigating Deutsche Bank Aktiengesellschaft (DB) (“Deutsche Bank” or the “Company”) for potential violations of the federal securities laws.
On May 13, 2020, media outlets reported that the Federal Reserve Bank of New York had sharply criticized Deutsche Bank’s U.S. operations in an internal audit. The audit reportedly found that Deutsche Bank had failed to address multiple concerns identified years earlier, and the Federal Reserve Bank of New York continues to rate Deutsche Bank at the second-worst grade on the regulator’s ratings scale. On this news, Deutsche Bank’s stock price fell $0.31 per share, or 4.49%, to close at $6.60 per share on May 13, 2020.