Deutsche disbands CRU as ‘bad bank’ exposures fall to €22bn
Remainder of unwanted book to be allowed to roll to maturity
Deutsche Bank shed €2.9 billion ($3.1 billion) of exposures from its Capital Release Unit (CRU) over the last three months of 2022 – a final round of reductions before the unwanted-asset holding pen is folded back into central operations, and the rest of its balance left to roll to maturity.
Q4’s cuts left leverage exposures in the ‘bad bank’ at €22 billion, 12% down quarter on quarter and 43% down year on year. This was against drops in balance sheet assets of 14% and 53%, for the respective
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