Deutsche Bank to post third consecutive annual loss


FRANKFURT (Reuters) - Deutsche Bank will post its third-consecutive annual loss in its 2017 results, defying its chief executive's expectations of a swing to profit and highlighting the difficulty of overhauling Germany's largest lender. The bank warned on Friday that weak trading, low client activity and a 1.

5 billion euro ($1.8 billion) negative impact from a tax overhaul in the United States would result in a "small" loss for the full year. CEO John Cryan has cautioned that the bank's turnaround would be a long, hard slog but said in July.....

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