The First Crack: Deutsche Bank Preannounces Massive Loss, May Cut Dividend
by Tyler Durden
ZeroHedge.com
10/07/2015
Amid numerous rumors that Deutsche Bank is among the corporations exposed to the VW fiasco, and to be clear there is no news to confirm that, DB has just kitchen-sinked it in a pre-announcement:
*DEUTSCHE BANK SEES 3Q NET LOSS EUR 6.2 BLN
*DEUTSCHE BANK TO RECOMMEND DIVIDEND CUT OR POSSIBLE ELIMINATION
Deutsche Bank stock is trading down around 6% after-hours.
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