Deutsche Bank: Exposure to Credit Suisse AT1 bonds 'near zero'

Deutsche Bank said on Monday its exposure to Credit Suisse's Additional Tier 1 bonds was "near zero".

Credit Suisse said on Sunday that 16 billion Swiss francs($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS.