Deutsche's US regulatory chief jumps to Wells Fargo

摘要

DEUTSCHE BANK's chief operating officer in the Americas, Kate Clifford-Toomey, has left to join US bank WELLS FARGO as its chief operating officer for corporate risk. The departure comes at a critical time for the German bank's US unit. The Federal Reserve is due to release the results of its stress tests on major banks in its jurisdiction on June 21, and there is scrutiny on whether Deutsche has fixed past problems. Results of the related capital analysis are due out on June 27.