Deutsche Bank posts worst quarterly loss in four years

Deutsche Bank posts worst quarterly loss in four years

Deutsche Bank has posted its biggest quarterly loss in four years. The German lender made a €3.1 billion net loss in the second quarter, driven by €3.4 billion in costs related to job cuts and reorganization. The management expects the turnaround plans to cost a total of €7.4 billion and is aiming to return to profit next year.

Timothy
Timothy
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