Deutsche Bank Sees Annual Loss Amidst US Tax Reform, Market Challenges

[kreslik.news]

Deutsche Bank has reported its latest Q4 financials, which saw the bank incur its third consecutive loss in 2017. The results have ramped up the pressure on the bank’s CEO John Cryan, whose cost-cutting initiative and restructuring has not panned out as investors would have liked.

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For the past few years, Cryan has been the architect of one of the largest endeavors in the industry, looking to rekindle profits at Deutsche Bank. This has seen massive personnel changes, wide restructuring moves, and the consolidation of key divisions and units. ... (read more)