FY15 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 last July that it expects to record a 27 loss of € 2.1bn . Cryan , who took over the top position at the bank two tough years , indicated that the bank will face two tough years as it undergoes strategic changes and a global restructuring.
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. John Cryan, who took over the top position at the bank last July, indicated that the bank will face two tough years as it undergoes strategic changes and a global restructuring.