FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach/File Photo
The bad bank would house or sell assets valued at up to 50 billion euros - after adjusting for risk - and comprise mainly long-dated derivatives, the FT reported, citing four people briefed on the plan. As part of the restructuring, the lender’s equity and rates trading units outside continental Europe will be shrunk or closed entirely, the report said.
“As we said at the AGM on May 23, Deutsche Bank is working on measures to accelerate its transformation so as to improve its sustainable profitability. We will update all stakeholders if and when required,” Deutsche Bank said in an emailed statement on Sunday in response to the FT report.
Why don't they just make the whole bank out of the bad bank? Oh, they did DeutscheBank 🤯
Ok for the Germans to have a bad bank. Anyone else tries it, 💥
'Bad bank' for a bad bank.
they are already bankrupted. ısnt it
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Source: Reuters - 🏆 2. / 97 Read more »