Deutsche Bank considering changes to U.S. strategy: sources

Deutsche Bank considering changes to U.S. strategy: sources
 

Deutsche Bank is studying a possible change of its strategy in the United States, where it is fighting a $14 billion fine the Department of Justice (DoJ) is requiring over the sale of toxic mortgage bonds before the financial crisis, two sources close to the company said on Saturday.
They said that while abandoning the United States, its most important market, altogether was very likely out of the question for the bank, it could consider scaling down its activities, so as to focus more on the needs of German corporate clients overseas.
German newspaper Welt am Sonntag in an abstract of a... read more

 
15 October 2016 in Business, Views: 42
Source: Reuters
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