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The First Crack: Deutsche Bank Preannounces Massive Loss, May Cut Dividend | Zero Hedge

Deutsche Bank warned it expects to record a third-quarter loss of $7 billion, tied to a huge write-down in its corporate-banking-and-securities segment.  The bank said the charges are driven by the impact of expected higher regulatory capital requirements and its disposal of Postbank. It also said it will consider reducing or eliminating its common dividend for fiscal 2015.DEUTSCHE BANK SEES 3Q NET LOSS EUR 6.2 BLNDEUTSCHE BANK TO RECOMMEND DIVIDEND CUT OR POSSIBLE ELIMINATION

Source: The First Crack: Deutsche Bank Preannounces Massive Loss, May Cut Dividend | Zero Hedge


Categorised as: interesting

Posted by: Kramer

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