World Economy

Deutsche Rejects Rumors

Deutsche Rejects RumorsDeutsche Rejects Rumors

Deutsche Bank has no plans to sell its asset management business, its chief executive said in a letter to employees published on its website on Monday, Reuters reported. “There is one rumor in particular that I would like to dispel by making it unambiguously clear that Deutsche Asset Management is and will remain an essential part of our business model,” John Cryan said in the letter. Recent reports had said that Deutsche Bank’s management was considering options for restructuring including a sale of the asset management business.