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Deutsche Bank Studied Credit Suisse Deals Before Overhaul

  • German bank looked at specific assets that might be sold
  • Deutsche Bank looked at possible CS deals at least twice
Bloomberg business news
WATCH: Deutsche Bank looked at buying parts of Credit Suisse’s assets before the Swiss bank announced its overhaul last year. Su Keenan reports. Source: Bloomberg
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Deutsche Bank AG looked at buying parts of Credit Suisse Group AG assets as recently as last fall after the Swiss firm became engulfed by a series of scandals and financial hits, according to people with knowledge of the matter.

The German lender analyzed individual businesses such as the Swiss firm’s asset management and wealth management units, people familiar with the matter said. The plan inside Deutsche Bank was to be able to move should attractive parts of the bank come on the market, the people said.