The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Thursday, January 31, 2013

Deutsche Bank Q4 net loss €2.17B due to massive charges.

Deutsche Bank (DB) swung to a Q4 net loss of €2.17B from a profit of €147M profit last year and vs consensus for a loss of €311M. Earnings were hit by a €1.9B goodwill impairment charge for restructuring and the creation of a non-core unit to sell €125B in assets. DB, which is being investigated for interest-rate manipulation, is also taking €1B in litigation charges. Shares were +1% premarket

No comments:

Post a Comment