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ECB asks Deutsche Bank to simulate costs of winding down trading: CFO

Published 04/16/2018, 09:47 AM
Updated 04/16/2018, 09:50 AM
© Reuters. FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt
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FRANKFURT (Reuters) - The European Central Bank has asked Deutsche Bank (DE:DBKGn) to estimate the costs of winding down its giant trading operations, the first such simulation by Europe's biggest banks, Deutsche's finance chief said on Monday.

© Reuters. FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt

But Chief Financial Officer James von Moltke stressed in an interview with Reuters that the request from the ECB was "not an unusual exercise" and that it was "totally unrelated" to an internal review of its global investment bank.

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