“Mayra Rodriguez Valladares, managing principal at consultancy MRV Associates, said the bank will face significant administrative costs on top of writedowns from asset sales.

“I think this is going to cost a lot more. I don’t see how they’re going to get away with this little expense to wind all this down,” she said. “Deutsche will have to hire external auditors to make sure everything is in order and there will be additional IT expenses.

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