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New Deutsche Bank boss makes a clean sweep, flags six billion euro loss

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Baku, October 8, AZERTAC

German banking giant Deutsche Bank said on Wednesday evening it may suspend its annual dividend after posting a preliminary EUR 6.2 billion ($7bn) loss for the third quarter, according to Forbes. For the past six years, Deutsche Bank, one of Europe’s largest banks by assets, has paid an annual dividend of EUR 0.75, equating to a near 3% dividend yield at current trading prices.

“As part of the planning for the implementation of Strategy 2020, the Management Board will recommend a reduction or possible elimination of the Deutsche Bank common share dividend for the fiscal year of 2015,” Deutsche Bank said.

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