Deutsche Bank is under the microscope as governments rely on banks to funnel trillions of dollars to companies reeling from the coronavirus pandemic The mood at Deutsche Bank AG’s headquarters in Frankfurt was tense.

It was late March, and clients were drawing down credit lines at such a rapid pace that the bank’s treasury department was on alert.

Liquidity never was an issue, according to a person familiar with the matter. But the episode, which also attracted the attention of the European Central Bank, underscored the still fragile health of the lender less than a year into Chief Executive Officer Christian Sewing’s radical restructuring plan.

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