Deutsche Bank's Proposed Wind-Down Unit a Minnow Among Giants
- German lender’s potential unit would be Europe’s 12th largest
- Most European non-core divisions date from financial crises
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Deutsche Bank AG’s Christian Sewing is said to be considering the creation of a unit to house unwanted assets as part of a sweeping turnaround plan to revive Germany’s biggest bank.
It could end up holding as much as 50 billion euros ($56 billion) and include a mix of long-dated interest rate derivatives, equities, non-performing and performing loans, Bloomberg reported earlier.