Did Deutsche Bank Help Jay Z Hide His Drug Money?

"I'm getting ghost, I'm hearing noises; I think it's the boys, but I been banking at Deutsche."

Jay Z in Pusha T's song "Drug Dealers Anonymous."

Wait, what? Did Jay Z say he used bankers at Deutsche Bank AG (USA) (NYSE: DB) to hide his drug money?

According to the lyrics from the new song, this is the case. After all, Jay Z's past as a drug dealer has been well documented by the artist himself.

However, a "source familiar with the situation" told Quartz that Jay Z is not actually a client of Deutsche Bank. Nevertheless, the bank is unlikely to be happy with the association given its own past scandals in which paid a $258 million fine for providing financial services to enemies of the U.S. government.

The song also makes references to Jay Z's un-named accountant who was "hula-hooping through loopholes, working around shit."

Perhaps we should all take the song for what it is - a great rhyme.

Image credit: Daniele Dalledonne, Flickr