Deutsche Bank-owned asset manager DWS fined $27 million for 'greenwashing'

Prosecutors have fined German asset manager DWS 25 million euros ($27 million) after finding the firm guilty of "greenwashing", or making misleading statements about its environmental and social investing credentials. Deutsche Bank-owned DWS had publicly claimed that it was a "leader" in environmental, social and governance (ESG) investing, and that…