Deutsche Bank AG expects to report a surprise third-quarter loss of 6.2 billion euros ($7 billion) and may eliminate its dividend for the year after writing down the value of its two biggest divisions and boosting its reserve for legal costs.
Sourced through Scoop.it from: www.bloomberg.com
How can a Bank Like Deutsche be surprised by a loss?
See on Scoop.it – Public-Private Duality, Economic Crisis, and New Financial Trends
Advertisements
