Deutsche Bank CRISIS: German giant posts £1.9 BILLION loss and blames US tax reform

ArticleBanking crisisFebruary 6, 2018 - 4:08:26 AM

Deutsche Bank has blamed US tax reforms for a net loss of £1.9 billion in the fourth quarter of 2017.

The finance titan posted a £436 million (€497 million) loss for the year, marking the third consecutive annual loss for Deutsche Bank.

Reuters had forecast a net loss of £1.1 billion (€1.25 billion) for the German lender in the last quarter of 2017, however Deutsche exceeded this by a wide margin...

Source:express.co.uk

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