Deutsche Bank takes axe to leverage exposure

Deutsche Bank pledged to slash its leverage exposure by dumping assets in the US and Asia, as part of ongoing restructuring efforts.

The bank reported a phased-in leverage ratio of 4% for the three months to March 31, down from 4.1% the previous quarter, and flat on the first quarter of 2017. Financial targets set by management last year commit the bank to achieving a phased-in leverage ratio of 4.5%.

On a fully-loaded basis, the current leverage ratio is 3.7%, up from 3.4% on the year.

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