Daily News: February 24, 2014

Reuters: Deutsche to Slash U.S.-Based Assets by $100B

According to Reuters, Deutsche announced plans to reduce its U.S. balance sheet, as the U.S. Federal Reserve adopts new rules to shield the country’s taxpayers from costly bailouts.

Deutsche is expected to reduce its $400 billion balance sheet in the U.S. to around $300 billion partly by reassigning operations that are currently part of its U.S. business elsewhere, Reuters reported.

To read the entire Reuters article, click here