Friday, February 2, 2018

Deutsche Bank Stock Down On Wider Q4 Net Loss, Weak Revenues

Shares of Deutsche Bank AG were losing around 6 percent in German trading after the banking giant reported Friday wider net loss mainly due to US tax charge and lower revenues. Pre-tax loss, however, narrowed driven by a considerable reduction in litigation and impairment charges, as well as lower provision for credit losses. The bank said that going forward, the reduction in the US federal tax ra

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