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Deutsche Bank hasn't made a profit in 3 years
Another year, another loss for Deutsche Bank. Germany's biggest bank said Friday that it had been pushed into the red for a third consecutive year by a €1.4 billion ($1.8 billion) hit from tax changes in the United States. It also reported falling revenues. Companies around the world have been bruised -- in the short run -- by the Trump administration's tax overhaul. But the pain is especially uncomfortable for Deutsche Bank (DB), which has been dogged by years of legal battles, regulatory fines and questions over its financial health. "Only a charge related to U.S. tax reform at the end of the year meant that we ... (full story)
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