Deutsche Bank Said to Restructure U.S. Unit on Capital Rules
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Deutsche Bank AG, Germany’s biggest lender, plans to alter the status of its main U.S. subsidiary in response to capital rules being imposed under a U.S. regulatory overhaul, two people briefed on the decision said.
The restructuring will help the division, known as Taunus Corp., shed its status as a bank holding company, which would have subjected it to the capital rules, the people said, declining to be identified because the plan isn’t public. Instead, the firm will move a U.S. banking unit out of Taunus and link it to the Frankfurt-based parent, the people said.