Deutsche insists Covid-19 won’t derail ‘bad bank’ wind-down

Lender actively seeking buyers for remaining derivatives portfolios ahead of 2022 target, says CRO

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The uncertainty hanging over global markets should not affect Deutsche Bank’s efforts to sell off the remaining parts of its non-core business ahead of a self-imposed 2022 deadline, according to Stuart Lewis, the lender’s chief risk officer.

“I don’t think the coronavirus will imperil the 2022 wind-down target, since that’s a fair amount of time to get through the work required,” says Lewis.

Deutsche announced a major restructuring in July 2019, as part of new chief executive Christian Sewing

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