Deutsche Bank has released its worst set of quarterly results since 2008. Management blamed restructuring measures for the losses of 2.2 billion euros, although litigation costs were also a drain on annual profits.
With record losses, dismal stock prices, and a quarrel in the oversight committee, there was plenty of incriminating material at hand. But stockholders seemed rather resigned to the misery during their annual gathering.
Germany's biggest lender has told its shareholders gathered for an annual meeting it's not quite back to growth yet, but on its way. The bank's investors, however, are angry about scandals and losses.
Deutsche Bank AGM: Management face shareholder anger over massive loss - Bayer launches bid for Monsanto - Kenya's Tourist Industry Recovers - Company offers Mumbai slum tours
Germany's biggest lender, Deutsche Bank, has reported a profit for the first quarter of the year. The positive result surprised many analysts and indicated the bank was recovering from its huge loss in 2015.
© 2016 Deutsche Welle |
Legal notice |
| Mobile version