Deutsche Bank AG Says `No Concerns' Over Its Financial Stability

(Bloomberg) -- Deutsche Bank says it’s ‘highly focused’ on addressing identified weaknesses in its U.S. operations.

  • Deutsche Bank has been engaged in remediation work to strengthen its internal control environment and infrastructure and to address concerns that have been identified both internally and by its regulators
  • There are resolutions of four enforcement actions published on the website of the Federal Reserve
  • None of the issues affect ability to serve clients
  • All U.S. subsidiaries have ‘very robust balance sheet’
    • Assets of three entities concerned (DBTCA, DB USA Corp, DBSI) below 10% of overall balance sheet of Deutsche Bank Group
  • Deutsche Bank says U.S. is most important market outside Germany
  • NOTE: Deutsche Bank Hits Record Low After Joining Problem-Bank List

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