Deutsche Bank Said to Plan U.S. Asset Cuts of Up to 25%
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Deutsche Bank AG, Europe’s largest investment bank by revenue, will shrink its U.S. division by as much as 25 percent to meet Federal Reserve capital rules, according to a person briefed on the matter.
Deutsche Bank plans to reduce the balance sheet of its U.S. business to about $300 billion from $400 billion, in part by moving assets out of the country, said the person, who asked not to be identified because the matter isn’t public. The bank’s press office declined to comment.