Wednesday, January 14, 2009

Deutsche Bank Warns of $6.33 Billion Loss

by Calculated Risk on 1/14/2009 09:11:00 AM

From the WSJ: Deutsche Bank Expects to Post $6.33 Billion Fourth-Quarter Loss

Deutsche Bank AG Wednesday warned on fourth-quarter and full-year earnings, saying that exceptionally tough market conditions in sales and trading drove it to an after-tax loss of about €4.8 billion ($6.33 billion) for the fourth quarter ...
Just a reminder that the confessional remains only for the banks ...