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Friday, February 2, 2018

-=Deutsche Bank (DB) reported earnings on Fri 2 Feb 2018 (b/o)

  • Deutsche Bank Posts Big Loss on Weak Trading, U.S. Tax Charge

FRANKFURT—Deutsche Bank AG on Friday reported a €2.2 billion ($2.7 billion) net loss for the fourth quarter and its third consecutive full-year loss, sending its shares sharply lower.

The German lender was hit by a €1.4 billion charge tied to the U.S. tax overhaul and suffered double-digit revenue declines in all three of its business units last quarter.

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