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IPFS News Link • Central Banks/Banking

Deutsche Sells $50 Billion Debt Portfolio To Goldman In "Bad Bank" Wind-Down

• https://www.zerohedge.com by Tyler Durden

The troubled German lender has already unloaded some assets to rivals including Goldman Sachs and BNP Paribas, and now Goldman is reportedly coming back for more.

Now, Goldman's coming back for what Bloomberg described as a "$50 billion book of assets." According to BBG, the assets are "tied to emerging market debt," and were housed in DB's 'wind-down' unit (or the 'bad bank', as it's otherwise known, which was initially set up over the summer).

It's difficult to tell whether the sale involved part of the derivatives portfolio, since BBG doesn't include any information about the nature of the assets being sold.


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