Deutsche Bank explores selling unwanted assets

Revamp plan: Sewing is poised to unveil the bank’s restructuring strategy this week after a long series of previous turnaround efforts failed to lift profitability. — Reuters

NEW YORK: Deutsche Bank AG is sounding out potential buyers for a wide range of unwanted assets as it lays the groundwork for its most dramatic overhaul in recent history, people with knowledge of the matter said.

Germany’s largest lender is gauging interest for performing and soured loans as well as assets including equity-related securities and interest rate derivatives, the people said, asking not to be identified because the matter is private.