Deutsche Bank Sells Bad Securities To Goldman Sachs Amid Restructuring
Deutsche Bank AG (NYSE: DB) formally announced the sale of $50 billion in unwanted assets to Goldman Sachs Group Inc. (NYSE: GS) on Wednesday as part of an overhaul of its emerging-market debt holdings, according to Reuters. To conduct the transaction, Deutsche is using a capital release unit — a bad bank — to unwind $195 billion in …
News story posted on 2019-11-27T22:22:00.0000000Z
