Surf Taiwan News, Browse the World »
Deutsche Bank to post Q4 net loss of $1.35 billion
Associated Press
2014-01-20 06:01 AM

BERLIN (AP) -- Deutsche Bank AG says it will post a net loss of 1 billion euros ($1.35 billion) for the fourth quarter of last year.

The result compares with a net loss of 2.2 billion euros in the same quarter of 2012.

Germany's biggest bank issued the profit warning late Sunday, 10 days ahead of schedule.

The Frankfurt-based bank says revenues during the fourth quarter were down 16 percent year-on-year at 6.6 billion euros.

It says efforts to restructure the bank's businesses affected financial results for the second successive year.

HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.