News
18 June 2018

Deutsche Bank sells $1bn non-performing ship loan portfolio

In:
Transport

Deutsche Bank has agreed to sell a non-performing ship loan portfolio with a notional value of $1 billion to investors Oak Hill Advisors and Varde. The clean-up of its transport financing book is part of Deutsche Bank's deep overhaul, which also includes plans to reduce headcount to below 90,000...

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