ECB asks Deutsche Bank to gauge investment banking exit costs: source - Reuters

Omkar Godbole FXStreet Contributor

The European Central Bank (ECB) has asked Deutsche Bank, Germany's biggest lender, to calculate the financial effects of winding down its investment banking operations, a source told Reuters on Sunday.

Deutsche Bank has called it a routine exercise while the ECB has declined to comment. Meanwhile, the EUR/USD pair is flat-lined around 1.2340 in Asia.

The common currency may run into offers if the Deutsche Bank shares drop.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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