Deutsche Bank liquidity buffer shrinks €17bn
Clients’ clamour for cash forces bank to monetise liquidity pool
A mad dash for cash by clients of Deutsche Bank forced the German lender to drain its pool of easy-to-sell assets in the first quarter, pushing its liquidity coverage ratio (LCR) down eight percentage points on end-2019.
Deutsche Bank’s liquidity reserve stood at €205 billion ($222 billion) at end-March, down from €222 billion three months prior. Drawdowns on committed credit facilities by
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