Deutsche Bank Hits Pause on New Oil Curbs, Citing Legal Risk

Deutsche Bank AG won’t move ahead with a plan to add restrictions on financing oil and gas, as it assesses the legal risks of doing so, according to its chief executive.

“The legal environment has changed, and we are currently analysing this in detail in order to minimise potential risks for the bank,” CEO Christian Sewing told shareholders at Deutsche Bank’s annual general meeting on Thursday.