Deutsche bank expects multibillion losses 2016-01-22 08:47:44

The largest bank in Germany is about to announce its net losses of $7.3 billion for 2015. Such sharp decline in Deutsche bank’s profit was mostly caused by the lawsuits, when the bank was accused of financial fraud and tax evasion, and the departmental restructuring. According to analysts, the net losses for the 4th quarter will equal around $2 billion. Deutsche bank is also planning to lay off about a quarter of its employees.

The negative news has influenced the Deutsche bank shares to perform a record decline of 7.34%. Do not miss this good chance to earn money on a further fall. Trading will be available during the European session, from 7:30 to 15:30 GMT time.

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