FRANKFURT (Reuters) - Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany's largest bank restructures under new leadership.
Deutsche last week already flagged that net profit would be more than double analysts' forecasts in a rare piece of good news for the bank, which is cutting costs to revive profitability.
(Reporting by Tom Sims; Editing by Victoria Bryan)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)