Financial Results
Deutsche Bank Says Expects To Report Q4 Loss As Charges, Restructuring Costs Bite

Germany's biggest bank said yesterday that it expects to book a loss for Q4.
Deutsche Bank, which is due to announce full-year and fourth quarter results for 2015 next week, yesterday said it expects to post a Q4 loss because of a number of costs.
The loss will be caused by expected litigation charges of
approximately €1.2 billion ($1.3 billion), the majority of which
are not anticipated to be tax deductible, Germany's largest bank,
which has announced a number of management changes and
restructuring moves in recent months, said yesterday. These
provisions are preliminary and may be further changed by events
before publication of the bank’s annual financial statements on
11 March 2016, it said. The bank is to issue results on 28
January.
There are also restructuring and severance charges of €800
million, largely related to the private and business clients
segment.
The bank expects to report full year 2015 revenues of €33.5
billion. As a result of the above charges, the bank expects to
report a full year 2015 loss before income taxes of approximately
€6.1 billion and a net loss of approximately €6.7 billion.
Challenging market conditions in the quarter contributed to a
year-over-year decline in fourth quarter revenues, principally in
corporate banking and securities, the bank said.