Deutsche Bank Said to Sell CDOs to Help Meet Capital Goal
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Deutsche Bank AG, Germany’s biggest lender, is said to have issued collateralized debt obligations, using a structure common before the credit crunch to shed its riskier assets and boost its capital ratio.
Institutional investors recently bought the products, which packaged asset-backed securities already on the bank’s balance sheet, said a person with knowledge of the transaction who requested anonymity because the matter is private. A Deutsche Bank official declined to comment.