Deutsche Bank Finds Way To Skirt U.S. Law

Deutsche Bank is changing the legal status of Taurus, its main U.S. unit, to circumvent higher capital requirements under the U.S. Dodd-Frank Act by giving up the subsidiary’s bank-holding status and assigning it to its Deutsche Bank Trust unit, effective Feb. 1.

  • 22 Mar 2012
Deutsche Bank is changing the legal status of Taurus, its main U.S. unit, to circumvent higher capital requirements under the U.S. Dodd-Frank Act by giving up the subsidiary’s bank-holding status and assigning it to its Deutsche Bank Trust unit, effective Feb. 1. The switch means that any shortfall ...

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