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Tax issue pushes Deutsche Bank to third straight annual loss
In 2017 loss of 497 million euros
02 February, 12:05
(ANSA) - FRANKFURT - Deutsche Bank CEO John Cryan says
Germany's largest financial institution is making progress in
its effort to cut costs and streamline operations, despite
posting a third straight annual loss.
Deutsche Bank on Friday posted a 2017 loss of 497 million euros. That would have been profit of 900 million euros had the bank not have to adjust deferred tax assets due to recent U.S.
corporate tax changes.
Cryan said it's "always been clear that it would take more than two or three years" to achieve the bank's full potential but "good progress" was being made.
(ANSA).
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Deutsche Bank on Friday posted a 2017 loss of 497 million euros. That would have been profit of 900 million euros had the bank not have to adjust deferred tax assets due to recent U.S.
corporate tax changes.
Cryan said it's "always been clear that it would take more than two or three years" to achieve the bank's full potential but "good progress" was being made.
(ANSA).
