The Wall Street Journal: Fearful clients pull billions of dollars out of Deutsche Bank

Some Deutsche Bank AG clients, among them several big and influential hedge funds, have moved to pull billions of dollars from the bank amid concerns about its stability and their exposure, said people close to clients and the bank.

The funds have taken steps to withdraw securities or cash from the bank DBK, +1.29% , DB, -6.67% dial back their trading activities or both, the people said. They include AQR Capital Management LLC, Capula Investment Management LLP, Citadel LLC, Luxor Capital Group LP, Magnetar Capital LLC and Millennium Management LLC.

The amount of assets recently withdrawn or earmarked for potential withdrawal is in the billions of dollars, one of the people said.

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