Deutsche Bank swings to Q1 loss amid restructuring, coronavirus outbreak

Credit: REUTERS/Kai Pfaffenbach

Deutsche Bank swung to a loss in the first quarter as the bank undergoes a costly overhaul amid the coronavirus crisis, the German lender said on Wednesday.

FRANKFURT, April 29 (Reuters) - Deutsche Bank DBKGn.DE swung to a loss in the first quarter as the bank undergoes a costly overhaul amid the coronavirus crisis, the German lender said on Wednesday.

The bank earlier this week published some metrics for earnings but not the bottom-line figure attributable to shareholders, which showed a loss of 43 million euros ($46.64 million) in the quarter compared with a 97 million euro profit a year ago.

($1 = 0.9219 euros)

(Reporting by Tom Sims Editing by Michelle Martin)

((Tom.Sims@thomsonreuters.com; +49 69 7565 1242; Reuters Messaging: tom.sims.thomsonreuters.com@thomsonreuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More