• Text

Deutsche Bank Seeks to Sell Up to $20 Billion of Debt

In the latest move by a major bank to unload unwanted assets, Deutsche Bank AG is seeking to sell as much as $20 billion of debt related to leveraged buyouts to a collection of investors that include private-equity firms, people familiar with the matter said.

Deutsche Bank would follow Citigroup Inc. in seeking to offload at a loss a big swath of debt that is clogging up its balance sheet and keeping it from making new loans. U.S. and European banks got stuck with hundreds of billions of dollars of high-risk debt when the credit...