Deutsche Trims U.S. Mortgage Holdings in Q2
Posted by Paul Jackson on Jul 31st, 2008
2008
Jul 31
Deutsche Bank (DB: 92.59 -0.11%) took its turn at the earnings table Thursday and said that second-quarter net profit fell 64 percent to 645 million euros ($1 billion) after it wrote-down another 2.3 billion euros ($3.6 billion) on its exposure to mortgage-backed securities — mostly Alt-A, it should be noted — as well as exposure [...]