Deutsche Bank's profit streak ends with big lawsuit provision


FRANKFURT: Deutsche Bank posted a loss in the second quarter, it disclosed on Wednesday, its first in four years after setting aside 1.3 billion euros ($1.41 billion) as a provision for a protracted investor lawsuit over its Postbank acquisition.

The loss at Germany's largest lender broke a profit streak after 15 consecutive quarters in the black, in a setback for the bank's turnaround under CEO Christian Sewing.

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Deutsche Bank , turnaround , profit

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