(Reuters) – The U.S. Justice Division is investigating whether or not Deutsche Financial institution AG (DBKGn.DE) violated international corruption or anti-money-laundering legal guidelines in its work for state fund 1Malaysia Growth Berhad (1MDB), the Wall Road Journal mentioned on Wednesday.
The emblem of Deutsche Financial institution is pictured on an organization’s workplace in London, Britain July 8, 2019. REUTERS/Simon Dawson
The information comes after the financial institution introduced plans to scrap its international equities unit, lower some fixed-income operations and slash 18,000 jobs globally in a 7.4-billion-euro ($8.34 billion) restructuring program.
Deutsche Financial institution’s work for 1MDB included serving to to boost $1.2…