Deutsche Bank posts over 3 billion euro Q2 loss on restructuring costs

Deutsche Bank informed about bigger than forecast quarterly loss of over 3 bn euros. It also underlined the challenges it faces trying to turn around the business. In July, Deutsche Bank reported it would lose almost 3 billion euros in Q2 when it announced a plan of restriction that will see 18,000 jobs go and cost 7,4 bn euros. Last year it was a profit of 401 million euros. Deutsche bank is the Germany’s largest and considered as on of the most important banks for the global economic system. Now Deutsche Bank has been plagued by losses.     

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