Deutsche Bank's U.S. business deemed 'troubled' by Fed - WSJ
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May 31 (Reuters) - The Federal Reserve has designated Deutsche Bank AG's U.S. business in "troubled condition," the Wall Street Journal reported https://www.wsj.com/articles/deutsche-banks-u-s-operations-deemed-troubled-by-fed-1527768310 on Thursday, citing people familiar with the matter.
The Fed's downgrade took place about a year ago, and has influenced Deutsche Bank's moves to reduce risk-taking and required the lender to seek approval for U.S. hiring decisions, the Journal reported. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Sai Sachin Ravikumar)
