Deutsche Bank Sells $50 Billion Book of Assets to Goldman

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG sold another chunk of unwanted assets to Goldman Sachs Group Inc. as part of a radical restructuring that’s seeing the German firm exit businesses where it’s been unable to compete.The nation’s largest lender recently sold securities with a notional value of about 40 billion pounds ($51 billion) to the U.S. bank, people briefed on the matter said. The assets are tied to emerging market debt and were previously housed in Deutsche Bank’s wind-down unit, one person said. They asked …read more

Source:: Yahoo Finance

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