Deutsche sells stake in Hua Xia Bank

The sale follows stricter capital rules, a global restructuring and a corruption scandal. It made a tidy profit but relinquished its goal of going big in China.

Alison Tudor-Ackroyd

December 28, 2015

Deutsche Bank said on Monday that it has agreed to sell its entire 19.99% stake in Hua Xia Bank, at a time of more onerous capital rules on holding minority stakes in financial institutions and in the wake of a corruption scandal at the Chinese bank.

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