Real Estate Advisory Group of Deutsche Bank to be closed down

Deutsche Bank would discontinue its Commercial Real Estate Advisor Group based in New York providing advisory services on real estate financing which met with extreme losses for the advisory given before the credit crisis to institutions like Station Casinos Inc. and Cosmopolitan Resort & Casino.

As per the industry insiders, the bank is looking for alternate options for employees affected by the shutdown and also would initiate mortgages in order to review the market situation. However there has not been any official announcement from the bank's official regarding the same.