that was the bank of canada governor stephen poloz. money one of the biggest laundering scandals in recent history, bloomberg written the story today that the federal reserve is set to be in the early stage of a probe into deutsche bank, the german bank being investigated over how they handled billions of dollars in suspicious transactions from denmark's leading dance cap. with us now is our financial regulation reporter jesse hamilton there with me in d.c. the deutsche bank ceo said last week, talking about launching an inverse -- internal investigation but did not see any evidence of wrongdoing. what is the latest on this ongoing saga? >> of course, the situation is a 'sss, one that deutsche bank u.s. regulators could not ignore. fed starting to preliminary probe into what went on with the transactions, which of course were components of the correspondent bank in relation with deutsche's and other major u.s. banks. ase, they werec at the center of the transactions. the fed is looking to see whether this obviously dirty money, billion