The crisis-sickened Deutsche bank has been in an advanced talk on receiving additional investment from Qatar, as the bank sought to whack the hollow-casts away and improve its finances, a Bloomberg report revealed on Saturday, the 2nd of February, 2019.
Although the extent and timing of the investment had been kept in the dark, the investment would likely to come forth through a Qatar Investment Authority, Sovereign wealth fund, the Bloomberg report revealed, citing unnamed sources having knowledges regarding the subject matter.
Besides, according to the Deutsche bank’s website, the Qatari Royal Family holds 6.1 percent stake of the Deutsche bank and last week, there had been a rumor around a possible investment over the bank’s future merger with its arch-rival commertzbank.
While requesting for comments, a Deutsche bank spokesman declined to respond immediately and any representative for the Qatar Investment Authority could not be found available for comments. Nevertheless, the Qatar Financial Center had released a statement in last December, snubbing a Newspaper report, which claimed that Qatar had been planning to raise their stake in the Deutsche bank.
However, the news of an additional investment came at a time, the bank may have been an inch away of facing a hefty amount of financial penalty on its connection with a $200 money laundering, processed by two Deutsche bank officials on behalf of Denmark’s Danske bank’s Estonian branch.
Following the events, origin of which dated back to as early as 2012, the Baltic triads, Lithuania, Latvia and Estonia had been found tightening their money laundering policy.