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Actionable news in DB: DEUTSCHE BANK AKTIENGESELLSCHAFT,

Deutsche Bank (DB) Stock Sliding in After-Hours Trading on Expected Record Loss

NEW YORK (TheStreet) -- Deutsche Bank (DB - Get Report) stock is slumping by 5.35% to $27.23 in after-hours trading on Wednesday, after the global investment bank said it expects a record third-quarter loss.

Deutsche Bank expects a third-quarter loss around 6.2 billion euros ($7 billion) and it might reduce or eliminate its dividend for the year, the company said in a statement.

The announcement follows a big write-down driven by capital requirements and the disposal of its Postbank unit, according to a company statement.

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"As part of the planning for the implementation of Strategy 2020, the management board will recommend a reduction or possible elimination of the Deutsche Bank common share dividend for the fiscal year of 2015," the company added.

Separately...


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