24/7 Wall St.
04-14-2008, 06:20 AM
24/7 Wall St. Daily News
Deutsche Bank (NYSE: DB) is in the process of selling $20 billion of LBO loans. If the financial firm thought its earnings were OK and that its balance sheet would allow it to do business as usual going forward, it is not likely that it would be in the market for buyers. In all likelihood Deutsche Bank will have to take the kind of haircut that Citigroup (C) took last week when the company said it would sell $12 billion of corporate leveraged paper to private equity firms. Citi will even loan them some of the money for the purchases.... http://feeds.feedburner.com/~f/typepad/RyNm?i=trNXocG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=trNXocG) http://feeds.feedburner.com/~f/typepad/RyNm?i=4rhVAhG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=4rhVAhG) http://feeds.feedburner.com/~f/typepad/RyNm?i=PZGAlJg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=PZGAlJg)
complete story here... (http://www.247wallst.com/2008/04/deutsche-bank-d.html)
Deutsche Bank (NYSE: DB) is in the process of selling $20 billion of LBO loans. If the financial firm thought its earnings were OK and that its balance sheet would allow it to do business as usual going forward, it is not likely that it would be in the market for buyers. In all likelihood Deutsche Bank will have to take the kind of haircut that Citigroup (C) took last week when the company said it would sell $12 billion of corporate leveraged paper to private equity firms. Citi will even loan them some of the money for the purchases.... http://feeds.feedburner.com/~f/typepad/RyNm?i=trNXocG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=trNXocG) http://feeds.feedburner.com/~f/typepad/RyNm?i=4rhVAhG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=4rhVAhG) http://feeds.feedburner.com/~f/typepad/RyNm?i=PZGAlJg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=PZGAlJg)
complete story here... (http://www.247wallst.com/2008/04/deutsche-bank-d.html)