US regulators ask Deutsche Bank to clarify its "bad bank" proposal

Pedro Gonçalves
clock • 1 min read

US regulators have sought explanation from Deutsche Bank about its "bad bank" proposal and its impact on US operations at the loss-making German lender, the Financial Times reported. Concerns have been raised about the German bank's intention to create a "bad bank" holding up to €50bn's worth of non-core assets, with the indication that this would cause a significant reduction in Deutsche's operations in the US. The proposals are part of a large-scale restructuring of Deutsche Bank, with a view to pivoting towards wealth management at investment banking's expense. It has been repor...

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