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DWS sets aside €21m as SEC greenwashing probe nears conclusion
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fnlondon.comDWS, the asset management business majority owned by Deutsche Bank, has set aside €21m which it could draw on to pay regulators probing allegations the fund group overstated its ESG credentials.
The Frankfurt headquartered, which announced its first half results on 26 July, published a half-year interim report which disclosed it is in “advanced resolution discussions” with the Securities and Exchange Commission to resolve an investigation which has been ongoing since late 2021.
“The...
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