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Deutsche Bank tumbles on a disappointing quarterly loss after the 'necessary evil' spending on a massive overhaul

Deutsche Bank tumbles on a disappointing quarterly loss after the 'necessary evil' spending on a massive overhaul

in Sewing on 11/16/19

Deutsche Bank tumbles on a disappointing quarterly loss after the ‘necessary evil’ spending on a massive overhaul

The bank posted €315 million in costs on “severance and transformation-related charges,” which dragged on the bank’s third-quarter earnings. “The most significant driver” of the sales decline, the bank said in the statement, was “our strategic decision to exi…

Deutsche Bank tumbles on a disappointing quarterly loss after the ‘necessary evil’ spending on a massive overhaul

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