The Trader 

Market Outlook: Deutsche Bank in the dumps

The Trader

The Eurozone bank reporting season is in full swing and some parts of the curate’s egg are ugly indeed.  Germany’s biggest bank lost €2.19 billion in Q4 2017, caused by a combination of poor trading revenues, divestment costs, restructuring charges, US tax changes and fines; this took the whole year to a loss of €497 million while revenue is at a 7-year low.  Ever the optimist CEO John Cryan said, ‘we believe we are firmly on the path to producing growth and higher returns with sustained discipline on costs and risks.’

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