Deutsche Bank Sees $7 Billion Quarterly Loss on Writedowns

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.itPublic-Private Duality, Economic Crisis, and New Financial Trends

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