Deutsche Bank reports 1Q loss on $4.2 billion in write-downs

Deutsche Bank shares closed down less than 1 percent at 76.50 euros ($119.63).

The bank said the write-downs were net of hedges, taxes and fees, and related to the dropping value of "leveraged loans and loan commitments, commercial real estate and residential mortgage-backed securities" of predominantly Alt-A positions which are less risky than subprime loans.

Of the 2.7 billion euros, some 1.77 billion euros affected leveraged finance loans and loan commitments, while another 885 million euros was for commercial real estate and residential mortgage-backed securities, or RMBS.

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