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

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

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, wit...

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