Young Journalists Club | Latest news of Iran and world

News ID: 18711
Publish Date: 10:14 - 02 February 2018
TEHRAN, February 2 -Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a U.S. tax reform.

Deutsche Bank posts third consecutive annual loss in 2017TEHRAN, Young Journalists Club (YJC) -Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a U.S. tax reform.

The loss of 497 million euros ($621 million) at Germany’s flagship lender fell short of expectations of analysts, who had forecast a loss of 290 million euros, according to a Reuters poll of nine banks and brokerages.

The bank warned last month that it would post a loss for the year.

Source: Reuters

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