ECB asks Deutsche Bank to simulate costs of winding down trading: CFO

FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt
FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski/File Photo

April 16, 2018

FRANKFURT (Reuters) – The European Central Bank has asked Deutsche Bank <DBKGn.DE> to estimate the costs of winding down its giant trading operations, the first such simulation by Europe’s biggest banks, Deutsche’s finance chief said on Monday.

But Chief Financial Officer James von Moltke stressed in an interview with Reuters that the request from the ECB was “not an unusual exercise” and that it was “totally unrelated” to an internal review of its global investment bank.

(Reporting by Tom Sims and Andreas Framke; Additional reporting by Frank Siebelt; Editing by Arno Schuetze)

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