Deutsche Bank sees big loss on writedown in corporate banking

German lender warns it will take a €5.8 billion charge on assets and may cut or eliminate its dividend

Deutsche Bank sees big loss on writedown in corporate banking

Deutsche Bank warned it will take a €5.8 billion charge on assets in its investment bank and retail and private banking operations for the third quarter and said it could cut its dividend this year.

As a result, the German lender said it expects to report a loss of €6.2 billion on October 29 when it discloses third-quarter results and unveils sweeping strategy changes, according to a statement released late on Wednesday night in Europe.

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