Deutsche Bank eyes credit asset sale to boost capital

Fri Feb 1, 2013 7:29am EST

LONDON, Feb 1 (IFR) - Deutsche Bank is poised to sell a complex credit trading portfolio as it seeks to drastically reduce its risk-weighted assets (RWAs) and rebuild capital levels.

The bank intends to shed EUR16bn of RWAs from its non-core operations unit by the end of March, via the sale of its so-called correlation book, according to a person with knowledge of the deal.

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