Prosecutors drop money-laundering probe against Deutsche Bank managers

German prosecutors said on Tuesday they were dropping a money-laundering investigation against managers at Deutsche Bank, over its relations with Danske Bank's Estonian subsidiary, citing a lack of evidence.

The economic crimes unit at the Frankfurt Prosecutor's Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases.

The case related to a whistleblower's claims that Danske had handled 200 billion euros in suspicious payments from Russia and other ex-Soviet republics between 2007 and 2015 - the bulk of which were processed by Deutsche Bank.

Deutsche Bank, which broke off its