Deutsche Bank is under pressure to complete the prime brokerage deal quickly or risk losing clients. Barclay (BARC.L) is looking to take on a $20 billion portion of the $200 billion business, sources told Reuters last month.
Deutsche Bank plans to close the prime brokerage deal in the first half of September and to begin the auction of its equity derivatives book shortly afterwards, the sources said. The deals are expected to take months to complete as buyers take over individual client accounts.
0 Comments