Deutsche Bank announces 6.7-bn net loss in 2015
Germany economy
Berlin - Arab Today
Germany's largest bank, Deutsche Bank, on Wednesday announced a loss of 6.7 billion euros ($7.3 billion) for 2015, blamed on litigation costs, depreciation and restructuring charges.
Some of these losses had already been announced earlier in 2015 but the bank reported additional litigation charges of 1.2 billion euros in the fourth quarter. Overall, it expects a fourth-quarter loss of 2.1 billion euros, it said in a statement.
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