Deutsche Bank to cut U.S. balance sheet by up to 25%.

Deutsche Bank (DB) intends to slash its U.S. balance sheet to $300B from $400B in order to meet tough new capital and leverage requirements from the Federal Reserve. The figure doesn't include $200B that Deutsche holds at its U.S. branch and doesn't fall under the new rules. The German bank will implement the changes mainly by reassigning some operations that are located outside the U.S. to other parts of the business.