Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties.
The case has dogged the German financial firm for several years since a top executive came forward with "greenwashing" allegations, with investigators repeatedly raiding the asset manager's offices and DWS's boss forced to quit in 2022.
