The Fed sceptical about Deutsche Bank’s ‘bad bank’ proposal
US regulators want details about the loss-making lender’s plan to overhaul its operations
24 June 2019 - 17:02
Bengaluru — US regulators have sought explanation from Deutsche Bank about its “bad bank” proposal and its effect on US operations at the loss-making German lender, the Financial Times reported on Monday.
Officials at the US Federal Reserve (Fed) are concerned after learning about Deutsche Bank’s strategy and have sought further details of the plan, which is part of the lender’s move away from investment banking, FT reported, citing sources...
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