Deutsche Bank’s asset manager fined €25mn over greenwashing scandal

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Deutsche Bank’s asset manager DWS has been fined €25mn by German prosecutors over a greenwashing scandal following long-running investigations by authorities in the US and Germany.

DWS, which is 80 per cent owned by the German lender, misled investors about its green credentials between 2020 and 2023, Frankfurt prosecutors said on Wednesday.

The asset manager used…