Deutsche Bank said Wednesday it would sell its Abby Life business to Phoenix Life Holdings Ltd., both U.K.-based, for 935 million pounds subject to regulatory approval. "We continue to build a simpler and better Deutsche Bank," he said. U.S. authorities are investigating Deutsche Bank's role in selling those securities. The prospect of a heavy fine unnerved investors as Deutsche Bank is already struggling with weak profits. In an interview published Wednesday with Germany's Bild newspaper, Cryan said Deutsche Bank was not looking for any kind of a government bailout.

Source: CBC News September 28, 2016 16:30 UTC