Deutsche Bank struggles to rebound, merger rumors hit shares

Germany’s struggling Deutsche Bank suffered another loss in the fourth quarter as it faces a raft of issues including a steeply lower share price, merger speculation and continuing legal questions.

The loss of 409 million euros ($469 million) was an improvement from the year-earlier loss of 2.42 billion euros but it still underwhelmed analysts and investors. Income from trading bonds and currencies slumped 23 percent in the quarter, when global financial markets were hugely volatile.

Deutsche Bank is pushing ahead with a drawn-out restructuring and cost cutting in an attempt to return to steady profits and put years of legal problems behind it.

CEO Christian Sewing focused on the positives, such as the fact that over the full year 2018, it made a profit for the first time in three years. The net income of 341 million euros ($390 million), up from a loss of 735 million euros in 2017, “shows that Deutsche

... read more at: