U.S. regulators have sought explanation from Deutsche Bank AG about its 'ba...
A Deutsche Bank logo adorns a wall at the company's headquarters in Frankfurt, Germany June 9, 2015. REUTERS/Ralph Orlowski/File Photo
Officials at the U.S. Federal Reserve are concerned on 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. Reuters reported earlier this month that Deutsche Bank was planning to overhaul its trading operations by creating a so-called “bad bank” to hold tens of billions of euros of non-core assets.
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