Deutsche bank to create 'bad' bank, shut some US operations Unlisted Video
4 years ago
260
Deutsche Bank is planning to overhaul its trading operations.
One part of the overhaul includes the creation of a “bad bank” to hold tens of billions of euros of assets.
The proposed bad bank, known internally as the non-core asset unit, will comprise mainly of long-dated derivatives.
According to Reuters, Deutsche Bank also plans to shrink or shut its U.S. equity and trading businesses.
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