Thanks Co-but-They are doing a number of negatives that corrupt their words.
Underwriting-STO and
On top of this, the bank is setting aside €1.2bn to cover litigation costs. Like other banks, Deutsche has been caught up in the Libor-rigging scandal, and faces another investigation in Switzerland for suspected price-fixing in the precious metal market.
The charges will push Deutsche into an estimated net loss of €6.2bn between July and September. On a pretax basis the company expects to lose €6bn but excluding the impairment charges, the loss would be €200m.
Cryan is planning to reduce the workforce by a quarter, or 23,000 jobs, to bring costs down and avoid a fundraising from shareholders. The Postbank sale will reduce Deutsche’s workforce by 15,000, and the lender is reportedly considering cutting 8,000 additional jobs.
this looks like in plain english-Cheating
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