Deutsche Bank reported its first quarterly loss in five years on Tuesday morning after writing down the value of loans for leveraged buyouts and asset-backed securities by €2.7bn ($4.2bn), reports Bloomberg. Germany’s biggest bank posted a Q1 net loss of €131m after earning a profit of €2.12bn a year earlier, according to a statement on its website Tuesday. The median estimate of 13 analysts surveyed by Bloomberg was for a loss of €174m.

This entry was posted by Gwen Robinson on Tuesday, April 29th, 2008 at 6:44 and is filed under Capital markets. Tagged with deutsche bank. Edit this entry.