The group's revenues had risen 2 percent from the same period a year ago, reaching 7.6 billion euros.
FRANKFURT, Germany — Deutsche Bank said on Wednesday it had suffered a loss of 143 million euros in the second quarter, as it booked a huge litigation provision over a legacy issue.The group's revenues had risen 2 percent from the same period a year ago, reaching 7.6 billion euros.However, the bank took a 1.3-billion euro-charge related to the takeover of Postbank AG, that dragged down its bottom line.
'Deutsche Bank has undergone major restructuring in recent years, seeking to rely more on retail and corporate banking, after an aggressive shift in the early 2000s into investment banking that left it snared by multiple scandals.The strategy has been largely paid off, with the bank reaping greater profits.
Bank Posts Quarterly Loss Over Litigation Provision
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