U.S. regulators have sought explanation from Deutsche Bank AG about its “bad bank” proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday.
Deutsche Bank and the Fed did not immediately respond to a Reuters request for comment on the matter.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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