ECB’s Enria Says Deutsche Bank Had Issue with Business Model
- Banking supervisor clarifies remarks in subsequent statement
- ECB views troubled German lender’s restructuring ‘positively’
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Deutsche Bank AG has had an issue with its business model but it is now getting a handle on its problems, according to Europe’s top regulator.
Andrea Enria, head of the European Central Bank’s supervisory arm, said at a conference in Rome Monday that Deutsche Bank “had clearly an issue with the viability of the business model” and the ECB has been “pushing” the lender’s restructuring efforts.