Deutsche Bank Suffers Another Quarterly Loss as Restructuring Bites

  • 📰 WSJ
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The German lender said that despite the latest overall loss amid restructuring efforts, its four core businesses are all profitable

Deutsche Bank AG’s global overhaul has taken another big bite, with the German lender reporting a second consecutive quarterly loss as it exits businesses and absorbs restructuring costs.

The bank Wednesday reported a €832 million third-quarter net loss, including a €1 billion pretax loss in the new division where it has stashed businesses and positions it is selling or winding down, called the Capital Release Unit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Perhaps loaning $ to shady characters like Trump, Manafort, Rudy and the laundromat in Russia- all of who. No other bank would touch- have something to do with losses? Just sayin’...

Just like Trump a debtor of urs — ur actions speak volumes and ur financial future is dim

Banking is hard when you can't launder money for the world's richest criminals.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche Bank earnings: Q3 net loss comes in at 832 million euros, vs. expected loss of 778 million eurosGarbage!! Is that good or bad? Bearish or bullish? Just wondering because banks usually fall up.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks seen lower as investors watch US-China trade, big bank earningsEuropean stocks were seen slightly lower Wednesday morning amid reports that China is reluctant to commit to U.S. President Donald Trump's demands that it make significant purchases of American agricultural products.
Source: CNBC - 🏆 12. / 72 Read more »