Like so many banks before them including several in Cyprus which no longer exist, Deutsche Bank is now creating a "bad bank."
In order to overhaul their trading operations, they will create this "bad bank" as a means to hold tens of billions of Euros of non-core assets. This will also mean they will be shrinking or ending equity and rates trading operations outside of Europe.
The bank has steadily seen all time low share prices since 2008. They've been downgraded by the S&P, they've been acting on laying off one in ten workers, they've had to redo their living will test for the Federal Reserve, they've been caught in countless scandals and have also been caught spoofing gold and silver markets.
Source of shared Link
