Deutsche Bank's headquarters are being raided by police as part of a Panama Papers probe (DB)

Reuters/Kai Pfaffenbach

• Deutsche Bank's Frankfurt, Germany, offices were searched Thursday as part of a Panama Papers-linked investigation.
• The bank is being investigated over money-laundering suspicions raised by the 2016 data leak.
• The German lender is under increasing pressure, and its shares are plunging.

Six Deutsche Bank branches were searched Thursday in a money-laundering investigation linked to the 2016 Panama Papers data leak. The company's shares dropped.

In total, 170 prosecutors, police officers, and tax inspectors took part in the raid, according to a statement from the prosecutor's office in Frankfurt, Germany. Two bank employees, ages 50 and 46, were targeted as suspects in the case, according to the statement. Deutsche Bank shares fell as much as 3% on the news and were down 2.6% as of 11:20 a.m. in Frankfurt (5:20 a.m. ET).

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