Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision

Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K.Germany's largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division.Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 million euros.Back in April, the bank had posted a 10% hike in first-quarter profit, smashing e ...