“Citibank got paid,” said a local finance industry source familiar with the negotiation who asked not to be identified.
In the meantime, the news agency also reports that Deutsche Bank will face another challenge this month when the Federal Reserve publishes the results of a “stress test” on the bulk of its U.S. operations for the first time.
The bank is already facing challenges with U.S. bank regulators and in financial markets, with its stock price falling to historic lows on Thursday. Standard & Poor’s downgraded its credit rating to BBB+ from A- on Friday.
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