Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources

Business News July 24, 2019 / 10:28 AM / Updated 2 hours ago Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources Matt Scuffham 6 Min Read NEW YORK (Reuters) - Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year. People walk past a Deutsche Bank office in London, Britain July 8, 2019. REUTERS/Simon Dawson

NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year. The opportunity cost of holding the assets, which has […]

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