Bloomberg Originals
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Deutsche Bank Loss Threatens Bonuses and Dividends
Posted
October 8, 2015
Views
1,250
Likes
11
Engagement
0.88%
October 8, 2015
1,250
11
0.88%
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2:09Now PlayingOctober 8 -- Deutsche Bank AG co-Chief Executive Officer John Cryan may eliminate a dividend that’s stood since Germany’s postwar reconstruction as he tries to overhaul the firm without asking shareholders for more capital. Europe’s biggest investment bank said it’s writing down the value of its two largest divisions and boosting reserves for legal costs which will probably lead to a third-quarter loss of 6.2 billion euros ($7 billion) -- the largest quarterly loss in at least a decade. The shares rose as much as 3.1 percent and were 1 percent higher as of 10:33 a.m. in Frankfurt trading, erasing earlier losses of as much as 3.6 percent.
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