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

To contact the reporter on this story: Cara Moffat in Los Angeles at cmoffat@bloomberg.net

To contact the editor responsible for this story: Lauren Berry at lberry4@bloomberg.net

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