Daily Management Review

Deutsche Bank Sold ‘$50 billion’ Assets To Goldman Sachs


As part of overhaul, Deutsche Bank sells off “unwanted assets”.

Source: flickr.com; (CC BY 2.0)
Source: flickr.com; (CC BY 2.0)
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.