In another sign of the fallout from EU financial problems, Germany’s flagship bank lost money in the fourth quarter. The bank lost $463 million in the final quarter of last year. It blamed a severe drop in investment banking fees, brought on by a sharp slowdown in the financial activity of EU-based companies–which in turn was brought on by the sovereign debt crisis and falling national GDPs
If DB has suffered so badly, what of the region’s less powerful banks?
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.