The bank said late on Wednesday it expected to report a net loss of about 6.7 billion euros ($7.3 billion), as writedowns, litigation charges and restructuring costs were compounded by tough trading conditions in the fourth quarter. Deutsche Bank has revealed that it expects to post a FY15 net loss of about €6.7bn due to write-downs of assets, litigation charges, and restructuring costs continue to impact its business; the bank said on Wednesday that it expects to record a 4Q15 loss of €2.1bn. The bank’s chief executive, John Cryan, told investors in an earnings call that he expected “significant headwinds” for the fourth quarter as well as the first half of 2016.
Deutsche Bank has revealed that it expects to post a FY15 net loss of about €6.7bn due to write-downs of assets, litigation charges, and restructuring costs continue to impact its business; the bank said on Wednesday that it expects to record a 4Q15 loss of €2.1bn. The bank’s chief executive, John Cryan, told investors in an earnings call that he expected “significant headwinds” for the fourth quarter as well as the first half of 2016.