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Germany’s largest lender said the search involved suspicious transactions it had itself reported in relation to money laundering, and that it was cooperating fully.
Prosecutors said they had a search warrant but declined to elaborate. They said representatives of financial regulator BaFin were also taking part.
BaFin and federal police declined to comment.
Deutsche Bank, under CEO Christian Sewing, has been trying to repair its reputation after a series of embarrassing and costly regulatory failings.
This week, the bank posted a better-than-expected 17% rise in first-quarter profit as investment banking revenue climbed, but it warned that the Russia-Ukraine conflict could hurt annual earnings.
The bank’s shares reversed earlier gains and traded down 1.5% by midday in Frankfurt.
A Reuters witness said that there was no sign of authorities outside the bank’s headquarters.
