Stock market quotes, forex, financial news, forex tools –

Goldman Sachs acquired Deutsche bank assets for 51 billion dollars

 Breaking News
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
  • Monday starts with the growth of oil prices The energy market started today’s trading session with the steady growth. Quotes are increasing on the signals about the recovery in demand and a decrease in production in the States....
Goldman Sachs acquired Deutsche bank assets for 51 billion dollars
November 27
09:00 2019

Goldman Sachs has acquired a $ 51 billion stake in Deutsche Bank. Citing informed sources, a reputable Bloomberg agency made this information public. The publication also notes that the assets sold were simply unnecessary, so it was decided to get rid of them.

Informants said that the American bank had bought debt securities of emerging markets. They were on the balance sheet of the Deutsche Bank, the work of which was planned to be stopped in the near future.

The German bank is ceasing its activity in areas where it can’t compete with other companies. In the summer, the bank published a development strategy, where getting rid of unnecessary assets was one of the key points.

This year, Goldman Sachs has already bought the assets of the German bank. In September, they acquired part of the bank’s Asian derivatives.



The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment