Deutsche Bank Completes Offloading Its $1B CRE Loan Portfolio
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Deutsche Bank has completed the sale of its nearly $1-billion commercial real estate (CRE) loan portfolio, reducing its exposure to this asset class, which has negatively impacted its business.
November 29, 2024 | 6:00 pm
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Deutsche Bank has completed the sale of its $1-billion CRE loan portfolio, which reduces its exposure to a challenging asset class that has negatively impacted its business.
The sale of the $1-billion CRE loan portfolio is a strategic move by Deutsche Bank to reduce its exposure to an asset class that has been detrimental to its business. This could improve the bank's financial stability and investor confidence, potentially leading to a positive short-term impact on its stock price.
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IMPORTANCE 80
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