The German bank blames the losses in the second quarter on radical restructuring.
Deutsche Bank has posted a second quarter net loss of €3.1 billion after strategic transformation charges including impact from lowered outlook on business plans of €3.4 billion. The loss is a result of the restructuring, it said in a release. In July, Deutsche announced it was transforming its business model to become more profitable, improve shareholder returns and drive long-term growth. To execute its transformation, the bank will significantly downsize its investment bank and aim
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