Deutsche Bank said the size of its capital release unit (CRU), or ‘bad bank’, would be “higher than anticipated” going into 2022, and drag on its leverage ratio.
In a special call with investors, the German giant said it expected the leverage exposure of the CRU to be around €51 billion ($61.6 billion) as of end-2022. When the ‘bad bank’ was originally created in Q3 2019, Deutsche planned for it to be “mostly unwound” by then, and account for just €9 billion of leverage exposure.
In a
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