Deutsche Bank has made a sale of its “unwanted assets” worth “$50 billion” to Goldman Sachs. This step forms part of the bank’s restructuring plan, confirmed a source with the knowledge of the matter.
According to Reuters reports: “The assets, related to emerging market debt, were part of Deutsche’s unit to wind down unwanted securities, the person said”.
However, a spokesperson of Deutsche Bank did not provide any comments on the matter while Reuters failed to reach out to Goldman Sachs for further information.
References: reuters.com
