Deutsche Bank sees $3.9 billion markdowns

Discussion in 'Wall St. News' started by makloda, Apr 1, 2008.


    Last update: 2:43 a.m. EDT April 1, 2008

    Deutsche Bank said Tuesday that conditions have become significantly more challenging during the last few weeks and it expects first quarter mark-downs of around 2.5 billion euros ($3.9 billion). The mark downs are related to leveraged loans and loan commitments, commercial real estate, and residential mortgage-backed securities (principally Alt-A). Deutsche Bank said that it expects a BIS Tier 1 capital ratio at the end of the first quarter of between 8 and 9%, consistent with the bank's published targets.

    No more "Victory" for Ackermann?