Deutsche Bank: hit after announcing 1.5m dollar charge

(CercleFinance.com) - The Deutsche Bank share is down another 1.
6% this morning on the Frankfurt Stock Exchange after crumbling 5.1% Friday.

Deutsche Bank's management has said that it expects to make another loss in 2017. This loss is related to a 1.5 billion dollar charge recorded over the year following the US tax reform, with the group having to record an impairment of deferred tax credits.

The bank says that it has suffered from a challenging market and interest rate environment, with a lower level of activity amongst its clients. In particular, the group highlights the weakness of its trading performance.

Moreover, the investment fund Cerberus, which has a stake in the capital of Commerzbank and Deutsche Bank, would finally be against to a merger between these two institutions according to the business and financial daily, Handelsblatt, Aurel BGC reports.


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