Deutsche Bank's headquarters in Frankfurt were raided by Germany's public prosecutor for alleged money laundering.In September, Germany's financial regulator had ordered the bank to take action to prevent so-called terrorism financing and money laundering.

The Fed’s proposed design is based on broad range of factors including a bank’s asset size, exposure to foreign markets and off-balance sheet activities and other aspects.  Here are some of the highlights of the Fed's new proposed rules, which might be subject to further revisions - Banks with $250 billion to $700 billion in assets could see their required liquidity coverage ratio (i.e.They would continue to face annual stress tests, though. - Institutions holding assets between $100 billion and $250 billion might no longer have to meet regulatory liquidity buffers, and such banks can expect the Fed’s stress tests at a frequency of every two years (versus every year).

Chinese conglomerate HNA Group Co., Ltd. is reportedly planning to sell off its holding in Deutsche Bank. Holding nearly 8% voting rights in Deutsche, HNA plans to offload its entire stake according to people familiar with the matter (as reported by CNN).The news comes amidst Deutsche Bank’s struggles to revive its prospects following three years of losses. In recent years, HNA has been known for its purchases of massive stakes in major U.S. and European companies.

Deutsche Bank will move a large part of its euro clearing business from London to Frankfurt. For a long time, London has been a major hub of euro clearing - trading of financial products priced in euro – with the city accounting for  around 75% of the transactions.Deutsche Bank’s announcement could spark concerns over whether other banks would follow suit, thereby pointing towards a potential headwind to London (and advantage to European cities) resulting from Brexit. According to a 2016 report commissioned by the London Stock Exchange, the United Kingdom could lose up to 83,000 jobs over seven years if clearing operations move out of London and into the eurozone.

The Securities and Exchange Commission (SEC) announced today that Deutsche Bank (DB) has agreed to pay $75 million in fines for its mishandling of pre-release American Depository Receipts (ADRs).Deutsche Bank did not agree with the SEC's findings nor did they explicitly admit guilt, but they did agree to pay the fine.