This content is from: Innovation

Deutsche Plans U.S. Unit Overhaul

Germany’s biggest lender, Deutsche Bank, is planning to alter the status of its main U.S. subsidiary as part of the capital requirements being imposed under a U.S. regulatory overhaul.

Germany’s biggest lender, Deutsche Bank, is planning to alter the status of its main U.S. subsidiary as part of the capital requirements being imposed under a U.S. regulatory overhaul, Financial Times reports. The revamp will help the unit, Taunus, shed its status as a bank holding company, which would have subjected it to the capital rules.

The firm will move its banking unit, Deutsche Bank Trust Corporation, out of Taunus, while Taunus will continue to house the investment-banking arm, Deutsche BankSecurities, and other nonbanking entities, adds The Wall Street Journal. Taunus, with $373 billion in assets, comprises Deutsche’s two main U.S. businesses, an investment bank and capital-markets arm, and a banking unit with about $18 billion in deposits.

Click here for the story from Financial Times.

Click here for additional coverage from The Wall Street Journal.

Related Content