Deutsche says wealth management outflows not significant

Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the impact of a U.S. fine on the German lender.
Germany's biggest lender is battling to contain the fallout from a U.S. demand for a $14 billion (11.26 billion pounds) settlement over the sale of toxic mortgage bonds before the financial crisis, with markets worried that a fine of that size could cripple the bank.
Global wealth management client assets managed by Deutsche stood at 361 billion euros (325.7 billion... read more