Home \ Keywords \ Stefan Krause

You are here

Stefan Krause

Deutsche Bank to cut US unit’s assets by quarter to meet Fed rules

"Deutsche Bank has for the first time laid out plans to slash its US balance sheet as it seeks to allay concerns over how it would deal with tough new rules imposed by the Federal Reserve on foreign banks.

"The lender aims to reduce assets held in its US arm by up to a quarter largely through reassigning some operations to Europe or in Asia. This comes after the Fed confirmed last week that overseas lenders operating in the US would have to ringfence capital in the country to safeguard against future financial crises.

Pages