Weak EU PMIs, DB implosion, global slowdown plague markets

Deutsche Bank earnings: Q2 net loss comes in at 3.1 billion euros, vs. 1.7 billion euros expected

Analysts polled by research firm Refinitiv had estimated a net loss of 1.7 billion euros for the period, due to the bank’s massive restructuring program announced earlier this month.
The German bank itself had previously said it expected to report a net loss of 2.8 billion euros for the quarter.