Ops deemed troubled by Fed a year ago

Ops deemed troubled by Fed a year ago

Bloomberg News reports that the bank may retreat from "a couple of small business areas", Sewing said at a dinner the Frankfurt-based company hosted in Berlin on Wednesday evening.

Christian Sewing acknowledged in a message Friday to staff that "many of you are sick and exhausted of bad news" but assured them that the bank has solid capital buffers.

Deutsche Bank, the ECB and its biggest investor sought to reassure shareholders and staff of its financial strength on Friday after S&P cut its rating and questioned its plan to return to profitability.

The Federal Deposit Insurance Corporation reportedly said last week its list of "problem banks" - those with financial, managerial or operational weaknesses that endanger their financial viability - had dropped from 95 to 92 between the fourth quarter of last year and the first quarter of this year.

Deutsche Bank is one of the leading worldwide financial service providers.

Deutsche Bank's attempts to break into the US markets, which are seen as an essential plank for delivering a global investment banking platform, proved to be costly as it ended up paying out billions of dollars to settle regulatory breaches, prompting speculation at one point of a bailout by Berlin.

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Up until today, S&P rated Deutsche Bank's long-term credit at A-, on negative credit watch. ValuEngine downgraded shares of Deutsche Bank from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th.

In his letter, Sewing also addressed United States regulatory concerns following the Wall Street Journal report that said the Federal Reserve had designated Deutsche Bank's operations past year to be in a "troubled condition". That was one or two notches below most major European competitors. The titles are as follows: "Deutsche Bank, Philip Morris Enter Thursday's 52-Week Low Club" brought out on May 31, 2018, "RBC Capital Downgrades Deutsche Bank (DB) to Underperform" on June 01, 2018, "Deutsche Bank: Truly Dreadful" with a publish date: May 07, 2018, "S&P cuts rating on Deutsche Bank" and the last "International Employee Moral Day as Deutsche Bank Cuts 7000 Jobs" with publication date: May 25, 2018.

"The bank has been making good progress over the past year to address its regulatory concerns", one of the sources said, requesting anonymity due to the sensitivity of the matter. "We're not yet where we want to be, but we are steadily getting there".

The chief executive also said Deutsche Bank was well positioned to react to excessive moves in debt markets.

The agency said in a statement Friday that management was taking "tough actions" but that "relative to peers, Deutsche Bank will remain a negative outlier for some time".

The FDIC declined to comment.

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