Restructuring costs drive Q4 loss of Deutsche Bank to 2.15 bil. euros
February 1, 2013, 3:13 pm TWN
FRANKFURT -- Germany's biggest bank Deutsche Bank on Thursday reported a fourth-quarter loss of 2.15 billion euros (US$3 billion) after high restructuring costs hit the group's earnings.
The bigger-than-expected loss in the three months to the end of December compared with a profit of 147 million euros in the same period in 2011.