Deutsche Bank's Dodd-Frank Sidestep May Provoke Others

Law360, New York (March 22, 2012, 8:55 PM EDT) -- Deutsche Bank AG's rearrangement of its U.S. arm so it is no longer a bank holding company subject to capital requirements imposed by the Dodd-Frank Act could spawn copycats among foreign financial firms with U.S. units, a regulatory expert said Thursday.

In its annual report issued Tuesday, Germany-based Deutsche Bank AG revealed that direct U.S. subsidiary Taunus Corp., whose own units included a bank holding company containing a commercial bank and an investment bank, no longer contained the commercial bank’s holding company as of Feb. 1....
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