Deutsche Bank clashed with the European Central Bank throughout 2024 over concerns the German lender may be underestimating how many loans would sour, people familiar with the matter told the Financial Times.
The ECB flagged concerns over Deutsche’s credit risk management and its risk models on multiple occasions, the people said.
Deutsche ultimately issued two warnings to investors that provisions for bad loans in 2024 would be higher than the €1.5bn it had initially expected.
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