Deutsche Bank posts 3.15 billion euro second-quarter loss on restructuring costs

FAN Editor 5 years ago
FILE PHOTO: Deutsche Bank annual meeting in Frankfurt
FILE PHOTO: The logo of Deutsche Bank is on display ahead of the bank’s annual shareholder meeting in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach/File Photo

July 24, 2019

FRANKFURT (Reuters) – Deutsche Bank <DBKGn.DE> said on Wednesday that it posted a loss of 3.15 billion euros ($3.51 billion) in the second quarter as a result of costs for a major restructuring.

Deutsche had flagged that it would lose around 2.8 billion euros in the quarter when it announced earlier this month the restructuring that will see 18,000 jobs go and cost 7.4 billion euros.

(Reporting by Tom Sims, editing by Riham Alkousaa)

Free America Network Articles

Leave a Reply

Next Post

Clariant CEO exits after less than a year on the job

Wed Jul 24 , 2019
FILE PHOTO: A woman stands next to a logo of Swiss specialty chemicals company Clariant ahead of a news conference to present the company’s full-year results, in Zurich, Switzerland, February 14, 2018. REUTERS/Moritz Hager/File Photo July 24, 2019 ZURICH (Reuters) – Clariant <CLN.S> Chief Executive Ernesto Ochiello resigned abruptly after […]

You May Like