Deutsche Bank looks to sell less than $20 billion loans

14/04/2008 - 19:07

NEW YORK (Reuters) - Deutsche Bank is looking to sell much less than $20 billion of loans financing leveraged buyouts, a person briefed on the matter said on Monday.

The Wall Street Journal reported earlier on Monday that Deutsche Bank was looking to sell up to $20 billion of loans to offload debt clogging its balance sheet.

But the source said any sale is expected to be much less than $20 billion, potentially less than half that figure.

(Reporting by Dan Wilchins; editing by John Wallace)

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