TELETRADER News
4/23, 9:28 PM (Source: TeleTrader)
more TeleTrader news

Deutsche Bank may make entity to dispose of bad assets - report

Executives of Deutsche Bank AG are mulling over creating a new entity to contain and dispose of unwanted assets and discontinued operations, the Wall Street Journal reported on Tuesday.

The move would represent a part of a contingency plan in case the merger talks with Commerzbank AG don't work out, people close to the matter told the media. Reportedly, the new unit would contain equities, equity derivatives and portions of rates trading.

According to the media, the largest German bank is also considering other alternatives to the merger.

Breaking the News / MD