BREAKING NEWS

Now Reading:

Deutsche Bank posts a record €6.7bn loss for 2015


corporate

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.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article

corporate

Renault recalls thousands of vehicles for emissions modifications