German Bank PBB Reviews US Business Citing Political Instability

The headquarters of Deutsche Pfandbriefbank AG in Garching, Germany.Photographer: Michaela Stache/Bloomberg

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May 14, 2025 at 5:45 AM UTC

German real estate lender Deutsche Pfandbriefbank AG said it has put its US business under review as a result of the country’s lack of political stability.

“A prerequisite for our business activities is the stability of economic and political conditions. Neither is currently the case in the USA,” Chief Executive Officer Kay Wolf said in an earnings statement on Wednesday.