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Deutsche Bank posts a record €6.7bn loss for 2015


Deutsche Bank posts a record €6.7bn loss for 2015


Deutsche Bank shares plummeted some ten percent after warning it would report a record loss for 2015.

The bank lost some €6.7bn last year handing a headache to new Chief Executive
John Cryan.

The scale of the losses are blamed on writedowns, litigation charges and restructuring costs plus a difficult trading climate in the latter part of the year.

Cryan described 2015 as “sobering,” but insisted restructuring would continue in an attempt to make the bank more efficient.

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