January 30, 2020 / 6:12 AM / 23 days ago

Deutsche Bank posts larger-than-expected loss in Q4 and full year

FRANKFURT, Jan 30 (Reuters) - Deutsche bank posted a 1.6 billion euro ($1.78 billion) loss in the fourth quarter of 2019, bringing the total loss for the year to 5.7 billion euros, as the bank undergoes a costly overhaul, the lender said on Thursday.

The results were worse than expected. Analysts on average forecast Deutsche would lose 1 billion euros in the quarter and 5 billion euros for the full year.

$1 = 0.9014 euros Reporting by Tom Sims, Patricia Uhlig and Hans Seidenstuecker Editing by Michelle Martin

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