Deutsche Bank to restructure U.S. operations: report

Deutsche Bank to restructure U.S. operations: report
Deutsche Bank executives were concerned the bank would need nearly $20 billion to offset losses at its main U.S. unit, Taunus Corp, the Journal reported, citing an internal document at the bank.Ugg boots,Wholesale Ugg,Ugg Outlet;Ugg Outlet Store;UGG Bailey Button Boots;UGG Tasmina Sandals;UGG Gypsy Sandals
The restructuring would see Taunus give up its bank-holding company status, the paper reported, citing unnamed sources.UGG Fluff Flip Flop Slipper;UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii;UGG Bags
Under the plan, Deutsche Bank Trust Corp, the banking unit, would be moved out of Taunus and become a direct subsidiary of the German lender, the paper said.UGG Classic Argyle Knit;UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots
Deutsche Bank's investment-banking business and several other nonbanking entities would continue to reside in Taunus, the paper said.UGG Classic Tall Boots;UGG Coquette Slippers;UGG Infants Erin Boots;UGG Margot
Executives at the lender believe the plan will let Taunus avoid having to comply with the Dodd-Frank Act, the paper said.Oil painting reproductions
The German lender presented its plan to the Federal Reserve last year, the paper reported.
Deutsche Bank was not immediately available for comment after-hours.UGG Nightfall Boots;UGG Ultimate Bind Boots;UGG Ultra Short Boots;UGG Ultra Tall Boots 4.13 conduct