Deutsche Bank Warns of Potential US Property Losses
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Deutsche Bank AG’s provisions for losses in US commercial real estate were more than four times bigger in the last quarter, as it warned that refinancing poses the greatest risk to the struggling sector.
The bank took €123 million ($133 million) in provisions for its portfolio, up from €26 million in the same period a year ago and nearly double the amount the bank put aside in the previous three months, according to a presentation to investors released alongside earnings on Thursday.