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Fortune

Lily Mae Lazarus

German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past

Deutsche Bank Christian Sewing Fortune Danske Bank Frankfurt Jeffrey Epstein Roman Abramovich Berlin

christian sewing touches his glasses (Credit: ALEX KRAUS—Bloomberg/Getty Images)

German federal prosecutors descended on Deutsche Bank’s Frankfurt headquarters and Berlin offices Wednesday morning, conducting searches as part of an investigation into alleged money laundering. The raid cast a shadow on what should have been an unblemished moment of triumph as CEO Christian Sewing announced booming annual profits at Germany’s largest lender.

The morning after the raid, Deutsche Bank announced its highest annual profit since 2007: $8.5 billion net profit in 2025, powered by robust investment banking revenues. CEO Christian Sewing also unveiled a more than $1 billion share-buyback program and signaled confidence in the bank’s turnaround.

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