German police raided Deutsche Bank offices in Frankfurt and Berlin on Wednesday on suspicion of money laundering, just one day before the bank was due to release its financial results for the past year. The Frankfurt prosecutor's office reported that executives and employees, whose identities have not been released, are under investigation, according to the weekly magazine. Der SpiegelA Deutsche Bank spokesperson confirmed to EFE the search of its offices and stated that they are fully cooperating with the Public Prosecutor's Office. "We confirm that a measure ordered by the Frankfurt Public Prosecutor's Office is currently being implemented at Deutsche Bank's offices," the spokesperson for the German bank said. Deutsche Bank shares fell 3% to €32.48 on the Frankfurt Stock Exchange during the day, following news of the investigation by the Public Prosecutor's Office and the Federal Criminal Police Office (Bundeskriminalamt). The investigation focuses on Deutsche Bank's past business dealings with foreign companies suspected of being created for money laundering and owned by Russian oligarch Roman Abramovich, according to reports. Der SpiegelAbramovich has been on the European Union's (EU) sanctions list since spring 2022. Approximately 30 plainclothes police officers searched Deutsche Bank's headquarters offices starting at 10 a.m., according to the weekly magazine.

Michael Burry tweets infrequently, speaks even less, and is rarely seen in public, but when he does, it's for a reason. And this week he decided to make his stance against artificial intelligence public.

The business world tends to practice discretion in political terms in order to maintain a certain neutrality that does not harm its interests. But we are immersed in uncertain times and some companies are beginning to speak out in defense of the values that have seen them born and grow, the founding values of European democracy.