The German lender has offloaded US$50 billion of unwanted assets to Goldman Sachs as part of the restructuring of the investment banking balance sheet.

Deutsche has sold ‘unwanted’ emerging-market debt securities worth US$50 billion in notional held in the bank’s capital release unit (CRU) to Goldman Sachs, SRP has confirmed. Goldman Sachs acquired Deutsche Bank’s Asian equity derivatives portfolio in September while Barclays and Morgan Stanley took over the European and US trading books, respectively. The German bank also transferred its global prime finance  to BNP Paribas, and dismantled its Jaguar equities stra

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