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Deutsche Bank asset manager DWS fined 25 mn euros for 'greenwashing'
Deutsche Bank asset manager DWS fined 25 mn euros for 'greenwashing'
Economy
by  AFP

Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties. DWS had already been hit in 2023 with $19-million penalty by financial regulators in the United States over misleading green statements.