Deutsche Bank’s Trading Surge Overshadowed by Big Writedown

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG struggled to boost revenue in two key units and reported a larger-than-expected loss in the fourth quarter, overshadowing trading gains at the investment bank as Chief Executive Officer Christian Sewing seeks to turn around the lender.Germany’s largest bank reported a loss of 1.5 billion euros ($1.65 billion), compared with estimates for 1.04 billion euros, after taking bigger writedowns in the final three months of the year than analysts had anticipated. While trading revenue surged, the transaction bank — at …read more

Source:: Yahoo Finance

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