Restructuring Deutsche Bank posts 345 billion loss

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FRANKFURT — Deutsche Bank says it lost 3.1 billion euros ($3.45 billion) in the second quarter as the bank booked heavy charges for its sweeping restructuring that will drop 18,000 jobs.The bank said in a news release Wednesday that without the charges it would have made net profit of 231 million euros and that a “substantial portion” of the deductions to earnings for the restructuring were now behind it.The charges included revaluing deferred tax matters, a lowered outlook for its business plans, and losses on software and service contracts.Deutsche Bank has struggled with low profits, high costs, questions about its business model, and fines and settlements with regulators for misconduct. CEO Christian Sewing took over last year with a mandate to cut costs and improve returns to shareholders.The Associated Press read more

Europe WCh 2015 PlayOff Germany against Russia – Croatian nightmare strikes again

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wch 2015 play off The pairs for the Women’s World Championship 2015 Play-Off  have been drawn in Budapest before the third place and the final match of the Women’s EHF EURO 2014.France – SloveniaGermany – RussiaSerbia – RomaniaThe Netherlands – Czech RepublicUkraine – PolandMontenegro – IcelandAustria – HungaryEHF EURO 2014 vice-champions – SlovakiaCroatia – SwedenThe matches are scheduled for 6/7 June (first leg) and week after.WCh 2015 will be played in Denmark between 5 and 20 of December. ← Previous Story Holger Glandorf tears Achilles’ tendon Next Story → Women’s EHF EURO 2014 All Star Team – Bella Gulden is MVP!