Deutsche Bank’s Trading Surge Overshadowed by Big Writedown

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG struggled to boost revenue in two key units and reported a larger-than-expected loss in the fourth quarter, overshadowing trading gains at the investment bank as Chief Executive Officer Christian Sewing seeks to turn around the lender.Germany’s largest bank reported a loss of 1.5 billion euros ($1.65 billion), compared with estimates for 1.04 billion euros, after taking bigger writedowns in the final three months of the year than analysts had anticipated. While trading revenue surged, the transaction bank — at …read more

Source:: Yahoo Finance

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.