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The struggling lender also announced that it expects to report losses of €2.8bn in the second quarter to pay for the shake-up of the business.But it said it intends to completely exit activities related to the buying and selling of shares, much of which is conducted in London and New York."Today we have announced the most fundamental transformation of Deutsche Bank in decades," chief executive Christian Sewing said.
The German government had supported the tie-up, hoping it would create a national champion in the banking industry.
Brexit being blamed
DB has been insolvent for years
Why aren't remainers blaming it on Brexit? They don't want to admit the EU is in serious economical trouble with more to come..blinkered or what! DeutscheBank
I guess they will blame brexit
This is one bank I would not trust with my money although I live in Germany. Just like Barclays, greed on all counts.
Diesel?
because of brexit?
. How many of these are politicians? Or their children? None? Surprise? .
Dear fellow commentators, what on earth does Brexit have to do with this? Study up on some economic, securities and banking law and try again...
When banks start shedding staff you know something is in the wind. And usually, it isn't good.
This Brexit must be powerful stuff - car workers in Brazil and now this.......
Deutsche bank is in deep crisis. Bank performed big efforts to put Turkey in economic crisis but as a result faund himself in crisis 😜
It seems Brexit started having an effect some years before the referendum. Brexit JIT JustDoIt LoveEurope and Leaveeu
Banker Fraud has consequences: often for those at the bottom of the pile 🙄
Corbyn sticking it to the greedy bankers
Come on BEEB, tell us we can stop this with a deal.
To fire at list 18.000 employees
Brexit?