Deutsche Bank Will Set Up 50-Billion Euro Bad Bank

Credit: Wochit Business
Published on June 17, 2019 - Duration: 00:32s

Deutsche Bank Will Set Up 50-Billion Euro Bad Bank

Reuters reports that Deutsche Bank is planning to overhaul its trading operations.

The bank wants to create a bad bank.

A source close to the matter said on Monday that the bad bank will hold tens of billions of euros of non-core assets.

The overhaul was first reported by the Financial Times.

It will also include shrinking or shutting equity and rates trading businesses outside of Europe.

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