DB - Deutsche Bank stock falls after it starts another investigation

Deutsche Bank (DB) drops 4.3% after the German lender says it started an investigation related to engagement with some of its clients.On Sunday, the Financial Times, citing people familiar with the matter, reported that the company mis-sold some sophisticated investment banking products to clients in breach of EU rules.The probe, codenamed Project Teal, initially focused on a desk in Spain that sells hedges, swaps, derivatives, and other complex financial products, the FT said.The bank is looking into whether its staff knowingly sold unsuitable or inappropriate products to customers who may not have been able to understand and carry the risk they were taking in the positions in question, according to the newspaper.The investigation is also looking into whether Deutsche employees colluded with staff at some of the clients who bought the inappropriate products. One allegation is that the two sides may have shared some of the transactions' proceeds, some people told

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Deutsche Bank stock falls after it starts another investigation