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ECB asks Deutsche Bank to gauge investment banking exit costs - source

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Deutsche Bank has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters on Sunday.Germany's biggest lender has been calculating the financial effects of a potential move to quit investment banking for some time, and the move is not related to the switch in Deutsche Bank's top management position last Sunday when retail banking expert Christian Sewing was appointed to replace chief executive John Cryan.The point of the exercise is to estimate how the value of Deutsche ...

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First Published: Mon, April 16 2018. 14:38 IST