Deutsche Bank reports net loss of €4.8 billion in Q4 2008; Hit by bad bets on US automotive sector
Feb 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Deutsche Bank AG, Germany’s biggest bank, today reported a record loss in the fourth quarter of €5.8 billion loss at its investment-banking division. The overall net loss of €4.8 billion, or €8.71 per share, compares with a profit of €953 million, or €1.93, a year earlier.