Deutsche Bank posts worst quarterly loss in four years

Published by WWJ on

German lender counts cost of plan to cut 18,000 jobs as it records €3.1bn shortfallDeutsche Bank has made its biggest quarterly loss in four years as it counts the costs of plans to reduce its global workforce by 18,000.The German lender made a €3.1bn (£2.8bn) net loss in the second quarter, driven by €3.4bn in costs related to job cuts and reorganisation at the bank. Continue reading…
Via: Deutsche Bank posts worst quarterly loss in four years

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