Movers: Deutsche Bank, Micron, Intel, ImClone
Deutsche Bank (DB) says it will take a €700 million charge on leveraged loans and loan commitments in the third quarter, and a €1.5 billion charge on structured credit products, residential mortgage-backed securities and relative value trading in both credit and equities. Despite the €2.2 billion ($3.09 billion) in charges, the German bank says its third-quarter net profit will still exceed the year-earlier figure because of tax credits and capital gains.
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