Deutsche Bank Reports Loss For Third Straight Year

Entertainment (now) 2018-02-03

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FRANKFURT (Reuters) - Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a U.S. tax reform, after a difficult fourth quarter. The worse-than-expected results are likely to increase pressure on Chief Executive John Cryan to turn Germany’s biggest bank around.

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