DB unveils Q1 losses

Deutsche Bank chalked up losses of EUR141 million for the first quarter of 2008, after digesting a EUR2.7 billion writedown on leveraged loan commitments, commercial real estate and residential mortgage-backed security exposures, the firm has announced. Net revenues across several business lines declined dramatically during Q1 2008, with Deutsche's corporate and investment banking arm seeing just EUR1.5 billion in turnover after posting revenues of EUR6.7 billion for the same period last year.


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