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Business News » World News

Deutsche Bank says net profit down 14 percent in second quarter

Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany`s largest bank restructures under new leadership.

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Deutsche Bank says net profit down 14 percent in second quarter
Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier. Image source: Reuters
Written By: Reuters
Updated: Wed, Jul 25, 2018
10:51 am
Reuters

Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany`s largest bank restructures under new leadership.

Deutsche last week already flagged that net profit would be more than double analysts` forecasts in a rare piece of good news for the bank, which is cutting costs to revive profitability.

 

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