About 10 hedge funds that clear derivatives trades with Deutsche Bank AG's (DB) have moved part of their holdings, Bloomberg News reported Thursday, citing an internal document.

The bank has more than 200 derivatives-clearing clients, according to the report.

A Deutsche Bank spokesman told Bloomberg that the bank is confident that the "vast majority" of its trading clients "have a full understanding of our stable financial position, the current macroeconomic environment, the litigation process in the U.S. and the progress we are making with our strategy."

Full story at http://www.bloomberg.com/news/articles/2016-09-29/some-deutsche-bank-clients-said-to-reduce-collateral-on-trades

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

September 29, 2016 13:14 ET (17:14 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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