On Air Now

Current Show

The Mark Levin Show   5:00 PM - 8:00 PM

Call The Mark Levin Show at 1-877-381-3811

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
75° Feels Like: 75°
Wind: SSW 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 54°

Tomorrow

Mostly Sunny 78°

Wed Night

Scattered Thunderstorms 66°

Alerts

Deutsche Bank CFO sees no capital transfer to U.S. unit: paper

Pedestrians are reflected in a window as they walk in front of the headquarters of Deutsche Bank AG in Frankfurt September 5, 2011. REUTERS/
Pedestrians are reflected in a window as they walk in front of the headquarters of Deutsche Bank AG in Frankfurt September 5, 2011. REUTERS/

BERLIN (Reuters) - Germany's Deutsche Bank will not need to transfer capital holdings to its U.S. subsidiary to meet the U.S.'s stricter regulatory requirements, Boersen-Zeitung reported on Saturday, citing an interview with finance chief Stefan Krause.

"Because of the Americans' definition of capital, we can use supplementary capital to fulfill these requirements," CFO Krause was quoted as saying. "For that reason, a transfer of capital from Germany will not be necessary here."

U.S. regulators are planning stricter rules on how much equity foreign lenders must hold.

Banks complain equity is the most expensive way to fund their business, but it is the safest from a taxpayer's or a regulator's perspective. That is because shareholders are the first to lose their money in case of bankruptcy.

(Reporting by Andreas Cremer; editing by James Jukwey)

Comments