Deutsche Bank has fared pretty well in the market turmoil that has seen some European and US competitors suffer almost catastrophic subprime write-downs. Deutsche, by contrast, came through 2007 with a more manageable bill of €1.6bn.
No bank is an island, however. As the effects of the subprime crisis continue to ripple outwards, Deutsche Bank announced further anticipated mark-downs of about €2.5bn for the first quarter of 2008 and, as The Banker went to press, was preparing to sell off $20bn of leveraged debt.
