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Deutsche Bank Hits Back at U.S. Think Tank Over Capital Buffers

Pedestrians pass the offices of Deutsche Bank AG in London.

Pedestrians pass the offices of Deutsche Bank AG in London.

Photographer: Jason Alden/Bloomberg

Deutsche Bank AG on Thursday hit back at a Washington think tank that had criticized the German lender for letting its capital buffer shrink to help pay for its restructuring.

Chief Financial Officer James von Moltke, in a letter posted on Deutsche Bank’s website, said an opinion piece by Better Markets co-founder Dennis Kelleher and his colleague Joseph Cisewski in the American Banker was a “gross misrepresentation” of the lender’s restructuring plan.