10:36 AM
Connect Directly

Deutsche Reports First Annual Loss in Decades

Deutsche Bank this week reported its first annual loss since World War II, with $4.8 billion of the $5-billion loss coming in the fourth quarter. This compares with $8.4 billion annual profit in 2007.

Frankfurt-based Deutsche Bank ($3.12 trillion in assets) is an acknowledged technology leader.

Deutsche is one of the first European banks to report 2008 results. Banco Santander Europe's biggest and the world's ninth-biggest bank, had earlier announced increased profits of $11.5 billion, up 9.4% on 2007. Madrid-based Santander has $1.23 trillion in assets.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.