Deutsche Bank To Create 'Bad' Bank, Shut Some US Operations

Credit: Wochit
Published on June 16, 2019 - Duration: 00:36s

Deutsche Bank To Create 'Bad' Bank, Shut Some US Operations

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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