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

FAN Editor 6 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)

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