You are here: Home » Reuters » News
Business Standard

ECB asks Deutsche Bank to simulate costs of winding down trading - CFO

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - The European Central Bank has asked Deutsche Bank to estimate the costs of winding down the trading operations of its investment bank, the first such simulation by one of Europe's biggest banks, Deutsche's finance chief said on Monday.But Chief Financial Officer James von Moltke said the ECB's request was not an unusual exercise and that it was totally unrelated to Deutsche's internal review of its global investment bank."We think we are first in the queue here because we are the largest capital markets bank in the ECB's supervision," von Moltke said in an interview with ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, April 16 2018. 20:21 IST