Yuxin Bank and Deutsche Bank have reportedly held formal discussions for the first time regarding changes in regulatory control.

According to informed sources, last Friday, Andrea Orcel, CEO of UniCredit, spoke with Bettina Orlopp, CEO of Deutsche Bank, focusing on the accounting, legal, and risk management implications that would arise once the European Central Bank views Deutsche Bank as a subsidiary of UniCredit and requires the implementation of consolidated supervision. It is reported that several other executives from both sides also participated in the meeting, paving the way for further negotiations in the coming months.