Deutsche Bank Leads EU Lenders’ Exposure to Shadow Banks

Deutsche Bank AG has the largest exposure among European lenders to non-bank financial institutions, according to research from UBS Group AG.

About 30% of the German bank’s loans, advances and debt securities were tied to investment firms, funds, insurance companies, pension funds, clearing houses and other financial intermediaries, UBS analysts said in a note published this week. That compares with an average exposure of 8% among Europe’s largest banks.