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Deutsche Bank said its losses from real estate lending in 2024 would be slightly higher than anticipated.
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The Frankfurt-based lender plans to sell the loans after credit provisions doubled from a year prior.
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Deutsche Bank told employees they can’t work from home on Friday and the following Monday, ending the possibility of four consecutive days out of the office.
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The towers are a large component of the $1.9B Lower East Side megadevelopment.
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Deutsche Bank has provided a €415M refinancing for Dublin's landmark Glass Bottle site as progress continues on the 4,000-home and commercial development.
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Inside Deutsche's 500K SF office deal
Deutsche Bank to shrink London offices, relocate some staff to Canary Wharf.
Deutsche Bank's co-CEOs resigned Sunday and will be replaced by former UBS AG CFO John Cryan
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Deutsche Bank signs 15-year lease at Canary Wharf's sustainable YY London.
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Borrower BGRE, formerly Brookfield Properties, asked for a three-year extension on the loan for Pembroke Lakes Mall but was denied.
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