Deutsche Bank US operations designated to be in ‘troubled condition’ by the Fed: DJ, citing sources

Kai Pfaffenbach | Reuters

2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany.

The Federal Reserve has designated Deutsche Bank’s U.S. business as being in “troubled condition,” The Wall Street Journal reported Thursday, citing sources familiar with the matter.

The downgrade to one of the lowest designations occurred about a year ago and has not been previously reported, the report said.

Deutsche Bank shares fell 3 percent in U.S. premarket trading.

Read the full Wall Street Journal report here.

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