The assets were reportedly held in the German lender's wind-down unit, an area of the bank meant to offload unwanted assets.
Deutsche Bank has reportedly sold $50 billion worth of assets tied to emerging market debt to Goldman Sachs, according to a report from Bloomberg. The sale is part of a broader effort by the struggling German bank to offload business areas where it has struggled to compete, the report found. In early July, Deutsche began a major overhaul of its business including cutting as many as 18,000 jobs. Watch Deutsche Bank and Goldman Sachs trade live on Markets Insider.
Deutsche Bank has reportedly sold $50 billion worth of assets tied to emerging market debt to Goldman Sachs, according to a report from Bloomberg. The sale is part of a broader effort by the struggling German bank to offload business areas where it has struggled to compete, the report found. In early July, Deutsche began a major overhaul of its business including cutting as many as 18,000 jobs. Watch Deutsche Bank and Goldman Sachs trade live on Markets Insider.
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