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Deutsche Bank dilutes radical revamp after ECB stress test
Plan to strip off its retail arm abandoned as it will dry up funding and raise cost of capital, say sources
Add BT as a preferred sourcePublished Tue, Apr 28, 2015 · 09:50 PM
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Frankfurt
A RADICAL plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said.
Deutsche Bank, Germany's biggest lender, has spent much of this year looking at ways of reconfiguring its business to boost returns and had narrowed the choice to two possible models.
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