Foreign news: Deutsche heading for massive September quarter loss
Deutsche Bank has foreshadowed a September quarter loss of €6.2 billion after writing down the value of two divisions and adding to reserves for legal costs, Bloomberg reports. The writedowns include a reduction in the value of Deutsche's investment bank, the largest in Europe, and an adjustment to the estimated sale value of Deutsche Postbank AG, which is slated for disposal. Deutsche co-chief executive John Cryan said the bank was reviewing its dividend policy and its remuneration policy.