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Deutsche Bank not raising provisions tied to Danske, Panama - source

Deutsche Bank not raising provisions tied to Danske, Panama - source
FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo -
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Kai Pfaffenbach(Reuters)
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FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> will not raise provisions in connection with an investigation into separate money laundering investigations related to the Panama Papers and Danske Bank <DANSKE.CO>, a source with direct knowledge of the matter said.

The German bank reached the decision because it was not aware of any wrongdoing on its part in either case, added the source, who spoke on condition of anonymity. A Deutsche Bank spokesman declined to comment.

(Reporting by Andreas Framke; Writing by Douglas Busvine; Editing by Kathrin Jones and Edward Taylor)

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