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

“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” writes Midwest Communications Inc for 95kqds.com. Deutsche Bank is already in the middle of a global review of the investment bank, known internally as Project Colombo, to determine the way forward as revenues shrink and clients and staff leave.The point of the exercise is to estimate how the value of Deutsche Bank’s capital market and derivatives business would develop if the bank was to exit abruptly from new business, the source said on condition he not be named because the matter is confidential.
 
Source: 95kqds.com



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