The First Crack: Deutsche Bank Preannounces Massive Loss, May Cut Dividend

Wednesday, October 7, 2015
By Paul Martin

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.

The Rest…HERE

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