News Journal

Deutsche Bank records loss in initial quarter of fiscal year

Deutsche Bank posted its first quarter reports that suggested a loss of 254 million euros in the first quarter instead of gain that was 3.163 billion a year, in the last year’s reports. The company showed reduced profits because of the financial crisis in the market.

The figures released by the bank shows a loss of 254 million euros that is more than the expected loss of 247 million euros by the market experts though a few other experts had suggested a loss of 272 million euros.